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How Sellers Can Benefit in Raleigh
Manage episode 166490544 series 1315753
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Buying a Raleigh Home? Search all Homes for Sale
We ended strongly last year with the most showings in December since we started documenting them in 2004. Unfortunately, buyers didn’t have many options to choose from on the market. We experienced a 12% drop in inventory since December 2014.
However, we now have a 3.8 month supply of inventory. As for pending sales, they were down 10% in 2014. Although buyers are out looking for their dream homes, they’re not writing contracts. Closed sales were a strong 10% year-to-date, and our average days on the market rests at 52 days. As you’d expect, with low inventory and high demand, average sales price has increased by 5%.
We predict our biggest challenge of 2016 will be inventory. There are buyers out there. If you or anyone you know is thinking about selling their home, give us a call or send us an email today! We’d be happy to serve your Raleigh real estate needs.
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