Raleigh Market Report for February 2016

By
Real Estate Agent with CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC 228537

Raleigh Market Report for February 2016

 

Units Sold

  • Units Sold-488
    • No Change from Last Year
      • There was a decrease in total units sold in February, with 488 sold this month in Raleigh Area Real Estate, a decrease of 1%. This month's total units sold is similar compared to a year ago.

Active Inventory

  • Active Inventory-1369
    • Down 22% from Last Year
      • Versus last year, the total number of homes available this month is lower by 379 units or 22%. The total number of active inventory this February was 1,369 compared to 1,748 in February 2015. This month's total of 1,369 is lower than the previous month's total supply of available inventory of 1,515, a decrease of 10%.

Median Sale Price

  • Median Sale Price-$210,450
    • Up 11% from Last Year
      • Last February, the median sale price for Raleigh Area Homes was $190,000. This February, the median sale price was approximately the same at $210,450. The current median sold price is 11% higher than in February 2015.

New Listings

  • New Listings-841
    • Up 22% from Last Year
  • Current Contracts-801
    • Up 23% from Last Year
      • This month there were 841 homes newly listed for sale in Raleigh Area compared to 689 in February 2015, an increase of 22%. There were 801 current contracts pending sale this February compared to 650 a year ago. The number of current contracts is 23% higher than last February.

Sold VS List Price

  • Sold vs. List Price-98.2%
    • Up .5%  from Last Year
      • In February, the average sale price in Raleigh Area was 98.2% of the average list price, which is 0.5% higher than at this time last year.

Months of Supply

  • Months of Supply-2.8
    • Down 21% from Last Year
      • In February, there was 2.8 months of supply available in Raleigh Area, compared to 3.6 in February 2015. That is a decrease of 22% versus a year ago.

Days on Market

  • Days on Market-59
    • Down 13% from Last Year
      • This month, the average number of days on market was 49, higher than the average last year, which was 48, an increase of 2%.
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

 

 

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