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Raleigh Real Estate Low Home Inventory January 2018

By Rebecca Savitski

Real Estate Broker/Owner with BSR Real Estate Group

January 03, 2018 05:42 PM

Raleigh Real Estate Home Inventory January 2018

Real estate market data for Raleigh, NC provided by Rebecca Savitski of BSR Real Estate Group.

Raleigh Home Prices

We have seen 11 straight months of listing price increases on home inventory in Raleigh, NC and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find a house in Raleigh but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Raleigh home on which you are making an offer.

If you are interested in how much current inventory is on the market in Raleigh you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Raleigh, NC, we have about a 1 month supply of homes. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in the Raleigh Real Estate market has multiple offers coming in on homes. I wouldn't expect home prices to run up quite as fast as they did in the past. But low inventory is one indicator that prices should continue to rise.