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 note that this is just for North Raleigh - the Absorption Rate varies in the different areas of Raleigh.
The average Days on Market has seen a slight decline since February 2013.
If you are interested in learning a bit more about North Raleigh Real Estate Statistic or you would like statistics for another area of Raleigh NC please feel free to email me or call me - I'd be happy to help!