Aug 14, 2014
This summer certainly seems to be favoring home sellers in Raleigh, according to the latest real estate data.
Evidently, according to data analysis provider CoreLogic, Raleigh home prices increased noticeably during the month of June. Meanwhile, in nearby Durham and Chapel Hill, home prices actually fell slightly.
This is relevant information for any home owner currently weighing whether to list their property on the local housing market.
Real Estate Trends in Raleigh You Should Know About
Here’s an overview of the latest real estate report from CoreLogic:
- Home prices, including distressed sales, rise 4.7 percent year-over-year on the Raleigh real estate market during the month of June
- During that same time, prices declined 0.7 percent in Durham-Chapel Hill area when compared to last year.
- Nationwide, home prices increased 7.5 percent during the month of June, which marks the 28th consecutive month that home prices have increased.
Still, it should be noted that the year-over-year gains in both Raleigh and Durham-Chapel Hill have been shrinking in recent months.
For instance, in May, prices increased 5.3 percent in the Raleigh market and 2.4 percent in the Durham-Chapel Hill market.
Experts say that this may indicate further stabilization on the real estate market, which should quell concerns about decreasing home affordability nationwide and a possible second market bubble.
Helping You Get The Price You Want For Your Raleigh Area Home
Having the most up-to-date housing market information is just the first step toward becoming a savvy home seller.
It’s important to partner with an experienced Wake County area real estate expert who can help you interpret the numbers and understand how they may affect you as a home seller.
That’s where we can help! Contact us at The Rachel Kendall today to learn how our years of experience helping home sellers just like you will ultimately benefit your efforts on the local housing market!
Until next time,