Market Report - Raleigh NC
New Home Inventory Shrinking Rapidly in Third Quarter 2009
Triangle New Home Inventory Down 36% to Last Year
If you've been looking at new homes in the Triangle, you may have noticed something... or rather, less of something. New Home listings have been steadily decreasing, even as the new home market has been starting to gather speed again.
Here's an overview of new home listings in the Triangle, this year and last year:
New home listings are down in every market area of the Triangle. In the areas that are significantly down, buyers may be hard pressed to find a bargain. Areas down less significantly may be somewhat more negotiable, depending on location, type of home, price point, and amenities.
Want to find out how your top choice of Triangle areas are performing, by price point? Check out all the info here:
-
-
-
-
Cary/Apex/Morrisville New Homes Market Report
-
-
Durham County New Homes Market Report
-
Inside the Beltline Raleigh New Homes Market Report
-
-
-
-
-
Northeast Raleigh New Homes Market Report
In third quarter 2008, there were 4363 new homes listed in the Triangle.
In third quarter 2009, there were only 2806 new homes listed in the Triangle, across four counties and a multitude of cities.
Builders are building fewer "speculative" homes, and more home buyers are opting for completely custom new home packages, in every price point (which means the homes are not listed, but completed to the buyers exact specifications).
Want to see the most recent Raleigh area market reports?
More Raleigh Market Reports
Looking for more information on new homes in the Triangle/Fort Bragg area?
Sign up for our monthly newsletter for more information on the top places to move in the Triangle, market trends, new home ideas, and more.
5 Easy Steps to Buying a Lot or Land in the Raleigh Area
Other Available Land and Lots in Communities
Subscribe to this blog!
Finding Your New Home in the Raleigh Area
Stanton Homes makes it easy! We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations. New homes from the upper $100s to the $500s. Custom modifications available too!
Call 919-278-8070 or visit www.StantonHomes.com to find out more today.
Floorplans | Communities | Stanton Homes | Energy Wise | Contact Us
Military Discounts | Accessible Homes | Green Building | Newsletter
Browse New Home Communities, Lots, and Land available throughout the Triangle!
Article copyright Stanton Homes 2010. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Stanton Homes is an NC New Homes Builder. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of above lot listings, but can work with homebuyers to purchase lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan.
Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.
;)
;)
Excellent point Penny! I'm planning on mentioning the decreased inventory for new construction in my Year-End market update!