Raleigh Deal Fall Out Increases.

Wake County contracts last week: 552, 26 of those were over $750,000.00 Homes Listed Last Week: 505 in Wake County a net -47 new listings on the market. 32 of the new listings were over $750,000.00 Showings remain consistent. The last five weeks have generated 13,215 showings in Raleigh, compared to 11,200 for the same period in 2019. What stuck out last week? Continued increase in “Back on the Market” listings. Homes that were under contract then back on the market. We noticed a increase the Raleigh/Wake County Market, 10 last week in the $500,000 plus market, only a 25% increase and worth watching. A $2.277M foreclosure set to hit the market. Facts for Sellers: Be smart about your sale, la

ITB Raleigh Active Listings Average Price $816,729.00

Contracts last week: 541 in Wake county. Homes Listed Last Week: 501 in Wake County a net -40 new listings on the market. 25 existing and new construction sales over $750,000.00 last week. Reading a lot about “Urban Flight”. Not in Raleigh. Triangle MLS breaks up geography with codes, two codes dominate Raleigh ITB, or “urban” Raleigh. Sales for 2020 are 1064 down from 1176 same period in 2019. Average price is up to $439,295. Sales are down, why? Inventory, there are 285 active listings, average price is $816,729.00. (for a detached home 180 active average price of $928,500) Only 84 are listed at or below the average sold price. 276 pending transactions with an average price of $473,89

Discovering the Results of C-19 on Raleigh Real Estate Market.

Discovering the Results of C-19 on Wake County Real Estate Contracts ratified last week: 580 in Wake county. Homes Listed Last Week:514 a net -66 new homes on the market. 27 existing and new construction sales over $750,000.00 last week. There is NOT a rush from city to suburbs in Wake County. Raleigh data shows prices are continue to rise due to demand and limited inventory. Raleigh’s median days on market of 5, down from 7, last year is the lowest in the county. A continued demand for “staycation” type homes across the county, pools, golf course lots are moving quickly and at a premium. Northridge CC area is mind blowing & certainly benefitting from the development expanding

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