Jun 06, 2014

Raleigh NC real estateThe last several weeks have been a bit of a mixed bag for the Raleigh, NC real estate market, according to the latest real estate data.

Evidently, although the total number of home sales decreased year-over-year, the average price per square foot for Raleigh homes has actually increased.

This is relevant information for anyone who is considering entering the market anytime soon as a buyer or seller. So continue reading to learn more!

Raleigh NC Data on Home Sales

Here’s an overview of the current state of the real estate market in Raleigh, based on the most recent data provided by Trulia:

  • Currently there are 3,234 homes for sale on the market, including more than 800 in some stage of the foreclosure process.
  • Between March and May, the average price per square foot for homes was $122, up 2.5 percent from the same period last year.
  • Meanwhile, the median home sales price for Raleigh homes was $207,000 based on 1,445 home sales.
  • When compared to the same period last year, the median home sales price decreased 1.4 percent or $3,000.
  • Meanwhile, the total number of home sales decreased 13 percent.
  • During the week ending on May 28, the average listing price for homes was $353,365, up 1.3 percent from the week before.
  • Broken down further, the average listing price for a 1-bedorom home in Raleigh was $312,226.
  • The average listing price for a 2-bedroom home was $166,265.
  • The average listing price for a 3-bedroom home was $240,036.
  • And the average listing price for a 4-bedroom home was $452,287.

Helping You Expertly Navigate the Raleigh, NC Real Estate Market

The above data is just the tip of the iceberg. To learn more about recent data on the Raleigh NC real estate market and how it may specifically affect you as a home buyer or seller, please contact me, Rachel Kendall, and my expert team of Wake County real estate experts.

We’ll provide valuable advice, easy-to-use tools and guidance throughout the real estate transaction process.

Until next time,

Rachel

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