Real Estate Market Report for North #Raleigh NC - May 2013

By
Real Estate Broker/Owner with RED Properties NC #129285
https://activerain.com/droplet/X4p
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 period last year.  Please keep in mind this statistic is ONLY for North Raleigh and different areas of the Triangle are experiencing different markets.  For more information regarding the Absorption Rate, what it means and how it effects both buying and selling please visit What Is An Absorption Rate?

 

Finally, the Average Days on the Market is down -29.4% from the same time period last year.  For May 2013 the Average Days on Market was 84.

 

If you have any questions regarding the statistics for North Raleigh or are interested in another area of Raleigh NC please give me a call or send me an email - I would be happy to help!

Posted by
 RED Properties RaleighRed
RED Properties RaleighRed

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Re-Blogged 1 time:

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  1. Ginger Harper 08/16/2013 12:08 PM
Topic:
Real Estate Market Trends
Location:
North Carolina Wake County Raleigh
Groups:
North Carolina Real Estate
Dedicated Bloggers
City and State
Market Reports
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Tags:
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real estate market reports
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Ambassador
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1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Leesa, I love the way that your graphs put the details into focus on the market condition of North Raleigh NC.  Great information. 

Jun 25, 2013 10:32 PM #1
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Leesa Finley

RED Properties - Raleigh NC Real Estate
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