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Raleigh Real Estate News | Home Sales Up Again in Raleigh, NC

Posted by Penny Hull on Thu, Apr 19, 2012 @ 10:04 AM

Raleigh Housing Market Stays Strong

Home Sales Up Again in Raleigh, NC - March 2012 Market Report

The March 2012 Wake County and Raleigh area market reports show the continued strength of the local housing market. Raleigh Real Estate News | Home Sales Up Again in Raleigh, NC

There was a huge increase in closings in March 2012 versus March 2011, according to the recently released Triangle MLS Report for March 2012.

13.1% Increase in Closed Sales in Wake County

Wake County closed sales are up 13.1 percent in March 2011 versus March 2012.

March 2011 - 887 Closed Sales in Wake County

March 2012 - 1,003 Closed Sales in Wake County

11.3% DECREASE in New Listings Available in Wake County

In addition, new listings have reduced as well, which means there are fewer choices to select from.

March 2011 - 2,422 New Listings in Wake County

March 2012 - 2,149 New Listings in Wake County

33.2% DECREASE in Total Homes For Sale in Wake County

Raleigh Real Estate News | Home Sales Up Again in Raleigh, NC

 

The total available inventory of homes for sale in the Raleigh area, specifically in Wake County, has decreased from 9,051 last year to 6,049 this year.

 

 

 


Wake County is currently at a 6.6 months supply of inventory - roughly the lowest it's been for about 4 years. 6 months of supply represents neither a buyers or a sellers market. Much lower than a six month supply, and Wake County will move to a "Seller's Market".

Get the Latest Raleigh Market Reports Here

See All Area Market Reports Here


Wake County NC is located at the center of Harnett, Chatham, Durham, Granville, Franklin, and Johnston Counties.

Wake County encompasses Apex, Cary, Fuquay Varina, Garner, Holly Springs, Knightdale, Morrisville, Raleigh, Rolesville, Wake Forest, and Wendell.

 

 

Moving to Wake County: Wake County, NC New Homes Resources

Wake County New Home Communities with Lots for Sale

Wake County NC New HomesRaleigh Real Estate News | Home Sales Up Again in Raleigh, NC

Build On Your Lot in Wake County – On Your Lot Builders

Accessible Homes in Wake County – Building an Accessible Home

Wake County Acreage Homes – Buying Acreage in Wake County

Golf Course and Country Club Communities in Wake County 

 

Tags: new homes in raleigh nc, raleigh market updates, home sales in raleigh, housing market report