red properties: Raleigh NC Market Report for December 2013
- 01/18/14 09:12 PM
#Raleigh Real Estate Market Statistics for December 2013 December was a fantastic month for Real Estate in Raleigh NC. Closed Sales were up +21.4% when compared to the same time in 2012, Pending Sales were up +20.0% and the Average Sales Price was also up +6.5%. While activitiy was for sales was up the actual inventory of listings was down -7.3% which helped contribute to a swing into a Sellers Market. Remember the supply and demand lessons you learned in high school? The same applies here - less homes for sale + buyers demand = SELLERS market. Here are the … (0 comments)
So, you've moved passed Steps 1 and 2 - you've picked your lender and found the Realtor® that is going to help you find that perfect home....... What? You missed Steps 1 and 2? No worries - you can catch up at "The 5 Steps to Buying a House". Go ahead, catch up, I'll wait! (hint: click the link) The next 3 Steps in Buying a House are very time sensitive and will take careful coordination. ** It is important to note that Steps 3 - 5 may differ from state to state and what I am outlining here … (2 comments)
red properties: New Year - New Home! 5 Basic Home Buying Steps
- 01/02/14 09:47 PM
Whether you are a first time homebuyer or a seasoned buyer a home purchase can be a little scary! Even if you have rode this bike before things change. Let #RaleighRed help you understand the home buying process step by step and get you on your way to that home of your dreams.
Did you know that when buying a home you need a team? Do you know who's on your team? Here is a more in-depth look at who you need on your team and what role each will play in your purchase. (hint: click the link!)
… (0 comments)
red properties: Wake Forest NC Real Estate Market Report - June 2013
- 07/23/13 09:35 PM
The Wake Forest Real Estate statistics are out for June and we continue to see improvement in the market! Both the Average Sales Price and the Median Sales Price have increased since the same time last year. Closed Sales for June have increased by +6.6% compared with the same time in 2012. However, inventory is tight and continuing to tighten - current inventory has decreased -2.9% when compared with the same time in 2012.
The Absorption Rate in Wake Forest NC has remained stable at what is considered a "balanced" market - neither a seller's market nor a buyer's market. … (2 comments)
red properties: Let's Get Real About Real Estate - Up, Down, Balanced, Confused?
- 07/22/13 11:16 PM
It would be a complete understatement to say that most of the country was and is relieved that the Real Estate Market turned around this year. But just how much did it turn around and how long will this last? Several factors right now are brewing and mixing together setting us up for a strange next few months: Interest Rates - First of all, interest rates have started to inch up. While, yes, they are still historically low what needs to be understood is that as they inch up a large portion of the buyer pool goes away. What a buyer … (76 comments)
red properties: North Raleigh NC Real Estate Market Report - June 2013
- 07/20/13 12:25 AM
The Real Estate Market Statistics are out for June 2013 and once again there are many positive trends. For North Raleigh the number of Closed Sales was up +15.9% when compared to the same time period in the year 2012. The total number of Closed Sales was 320. The inventory of homes for sale was down -9.3% however. The total number of homes for sale in North Raleigh in June 2013 was 1293.
The Absorption Rate for North Raleigh pretty much held steady at 5.1 which indicated a Sellers Market. This statistic shows a -28.8% drop from … (0 comments)
red properties: Did You Know You Can Find RaleighRed on Facebook?
- 07/18/13 04:21 AM
There are so many ways to connect with Raleigh Red! A great way to keep up with local Raleigh NC Real Estate news is through my Facebook Page. I also post recent real estate market statistics, local news and events, information on area schoosl, parks, restaurant reviews and so much more! If you really pay close attention you might just catch one of my many contests!! ;) I'd love to see you on my Facebook Page so come on over!
If you are another agent and would like to connect please send me a private message and I'll gladly … (0 comments)
red properties: Real Estate Market Report for North #Raleigh NC - May 2013
- 06/11/13 09:31 PM
The Real Estate Market Statistics are out for May 2013 and once again there are many positive trends. For North Raleigh the number of Closed Sales was up +33.1% when compared to the same time period in the year 2012. The total number of Closed Sales was 398. The inventory of homes for sale was down -10.3% however. The total number of homes for sale in North Raleigh in May 2013 was 1304.
The Absorption Rate for North Raleigh pretty much held steady at 5.3 which indicated a Sellers Market. This statistic shows a -29.5% drop from the same time … (1 comments)
red properties: Wake Forest NC Real Estate Market Report - April 2013
- 05/17/13 12:58 AM
The Wake Forest Real Estate statistics are out for April 2013 and we continue to see improvement in the market! Both the Average Sales Price and the Median Sales Price have increased since the same time last year. The average Days on Market has slightly increased.
Closed Sales for April have increased by +19.8% compared with the same time in 2012. However, inventory is tight and continuing to tighten - current inventory has decreased -3.1% when compared with the same time in 2012.
The Absorption Rate in Wake Forest NC has … (0 comments)
red properties: Buying A Home in 5 Easy Steps
- 05/15/13 10:04 PM
Whether you are a first time homebuyer or a seasoned buyer a home purchase can be a little scary! Even if you have rode this bike before things change. Let #RaleighRed help you understand the home buying process step by step and get you on your way to that home of your dreams. Did you know that when buying a home you need a team? Do you know who's on your team? Here is a more in-depth look at who you need on your team and what role each will play in your purchase. (hint: click the link!) Step 1: … (4 comments)
red properties: North Raleigh NC Real Estate Market Report - April 2013
- 05/14/13 09:19 PM
The N. Raleigh Real Estate statistics are out for April 2013 and we continue to see improvement in the market! Both the Average Sales Price and the Median Sales Price have increased since the same time last year and the average Days on Market has decreased.
Both Closed Sales and the Inventory of Homes for Sale in North Raleigh has increased steadily since February.
The Absorption Rate in North Raleigh has remained stable at what is considered a "balanced" market - neither a seller's market nor a buyer's market. It is important to … (2 comments)
red properties: Keep An Eye On Your Competition When Your Home Is For Sale
- 04/03/13 11:27 PM
In the Raleigh NC Real Estate market, both commercial AND residential inventory and sales are fluid! Fluid as in moving like a rushing river and changing course! What may have been considered a reasonable price point a few months ago for a property has most likely changed.
I can promise that no Realtor® will argue the point that if you want to sell your home you must price it properly. But, even well priced homes will, at times, linger on the market for a little longer and there may be certain factors that play into that.
Welcome to Raleigh NC! Though my blog you can find Homes for Sale in Raleigh NC and the surrounding area, Things To Do in Raleigh NC and so much MORE! I am the Owner/Broker In Charge of R.E.D. Properties and I specialize in Northern Wake County with a focus on Wake Forest NC. It's where I live, it's what I love! Please visit "About Me" for more details on how I can help you! Scroll down for some very helpful links with regards to Raleigh NC Homes For Sale, the Raleigh Real Estate Market, Area Events and Things To Do in Raleigh NC and so much MORE!
#Raleigh Real Estate Market Statistics for December 2013
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