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Raleigh Market Report for March 2016

By
Real Estate Agent with CRS-SRES-ABR-GRI-E-Pro-CREN ~ COMPASS RE 228537

Raleigh Market Report for March 2016

 

Units Sold

  • Units Sold-737
    • Up from Last Year

Active Inventory

  • Active Inventory-1437
    • Down 22% from Last Year

Median Sale Price

  • Median Sale Price-$221,500
    • No change from Last Year

New Listings

  • New Listings-1,140
    • Up 6% from Last Year
  • Current Contracts-1,030
    • Up 24% from Last Year

Sold VS List Price

  • Sold vs. List Price-98.5%
    • Down .08% from Last Year

Months of Supply

  • Months of Supply-1.9
    • Down 23% from Last Year

Days on Market

  • Days on Market-50
    • Down 17% from Last Year
Posted by

 

 

Sharon Kowitz
www.kowitzrealty.com

Relocation Certified Specialist
Broker/REALTOR
Gold Sales Club - Top Producer
CRS-GRI-ABR-E-Pro-SRES-LHMSM-CREN

Cell: 919-417-4367
skowitz@fmrealty.com

 

 

Comments(3)

Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

Sales up and inventory down, that looks like a sure sign of upward pressure on prices.  Robert

Apr 26, 2016 03:57 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I have the same feelings about this market as I did with the other I just commented on earlier. We'll see where this is in six months, as I usually do in these cases.

Apr 26, 2016 04:23 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Definitely the sellers have the advantage all over the country it would seem. I agree with that last comment.

Apr 26, 2016 04:24 PM