Happy March to our lovely readers! We hope you are enjoying this (almost) Spring weather in the triangle and soaking up the sunshine! We thought now would be a great time to update you on the Raleigh Real Estate Market, since we are a few months into a new year. It’s a great time to see how things are going since the first of the year, especially as Spring and Summer are quickly approaching.
Overall, the prices and appreciation of home rates in Raleigh continue to surpass the national average, which speaks volumes. There is a prediction that these values will continue to increase. Along with these increases, the local economy in Raleigh continues to stay strong. Unemployment rates and job growth rates are both better than the US average. Raleigh is ever-evolving and growing, and many believe these great statistics are due to the citizens always putting forth effort to promote that growth. We believe that, as well.
The median listing price in Raleigh is around $3330,00. This figure is a 16.9% increase from last year. The median sale price per square feet of a home is $119. There are on average about 830 foreclosures in a year. With homes appreciating at record speeds, the idea of long term growth and stability here in the city of Oaks looks promising. If you are looking to sell your home, now looks like a prime time according to our data! We would love to make the process painless, stress free, and enjoyable for you! Call us.