Does information provided on TV or newspaper help?  Not really since data is limited and national in scope.  So, selling your house – how long will it take?

When we put our home for sale, you’re ready for the buyer to pull to the curb.  Unfortunately, buying/selling real estate takes a while.  It helps you plan when you know the average number of days needed to sell homes in the current market.  It also assists you in having realistic expectations concerning your real estate agent.

What information does the media provide?  In my experience, it's usually a comparison between the current month and the prior month or the current month compared with the same month a year ago.  More comprehensive data is needed by those who will actively participate in the real estate market. 

Because all real estate markets are local, this data reflects the housing market in Raleigh, NC.  National data doesn't help you very much should you be considering either selling or buying a house.  In response to that need, I present you the following market analysis.

 

Market divided into four groups:
Black Line: Represents Most Expensive Homes
Orange Line: Represents Upper Middle Segment of Market
Green Line: Represents Lower Middle Segment of Market
Blue Line: Represents Least Expensive Homes

Summary:  All homes, regardless of price, are edging downward – not uncommon for this time of year.  Most expensive homes experienced the sharpest reduction in time it takes to sell a home, but they still take longer to sell than other homes.

It will take on average between five and six months to sell your home.  The exception is higher-priced homes.  These homes average almost seven months.  Overall, improvement seen across the board.

Numbers are averages.  This means some homes sell more quickly and some take longer.  Real estate agents advise that aggressive pricing helps homes sell faster.

Kathy Godin, Award-Winning Loan Officer and Branch Manager
CrossCountry Mortgage Inc.
(919) 789-9888
Where people, not computer robots, answer the phone.
Proudly Serving All of North Carolina

 

4 Comments on Selling Your Home in Raleigh – How Long Will it Take?

JUL
02
479,354 Points 11 Featured Posts Outside Blog Called Shot Master

Very good information - I would guess this would be extremely important to sellers in your area.  Way to show your expertise!
7:10pm • #1
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

It looks like there are some very postive trends.. I think the days on the market is going down in several markets from what I am reading on Active Rain.
8:32pm • #2
1,352,557 Points 42 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kathy - It's important that people understand that the market is local, and that looking at a large area or the entire area won't make it easier to understand.
9:49pm • #3
JUL
03
110,817 Points 30 Featured Posts Outside Blog

The journey back will be a long one and it's nice to see the real estate market taking positive steps.

Thank you for your comments.
1:21am • #4


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Kathy Godin

Raleigh, NC

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Raleigh Mortgage Gals

Address: 5561 McNeely Dr, Suite 202A, Raleigh, NC, 27607

Office Phone: (919) 919-9888

Cell Phone: (910) 309-2342

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