January 2013 Raleigh Market Report
15 Month Streak of Increasing Home Sales in Raleigh NC
Considering buying a new home in the Raleigh area of Wake County? You're not the only one. There was a huge increase in closings in January 2013 versus January 2012, according to the recently released Triangle MLS Report for January 2013.
This is a continuation of a year long trend in home sale increases in Wake County.
Number of Closed Sales in Raleigh/Wake County
How's the market in Raleigh? Good, and getting better. Raleigh has seen double digit increases in home sales for most of the past year.
January 2012 - 637 Closed Sales in Wake County
January 2013 - 817 Closed Sales in Wake County
28.3% Increase in Closed Sales in Wake County
Inventory of Homes for Sale in Raleigh/Wake County
At the same time sales are showing a high double digit INCREASE, the number of available homes is showing a double digit DECREASE.
January 2011 - 8072 Homes for Sale in Wake County
January 2012 - 6589 Homes for Sale in Wake County
January 2013 - 5327 Homes for Sale in Wake County
19.2% Decrease in Homes for Sale in Wake County
Months of Supply in Raleigh/Wake County
January 2011 - 8.9 Months of Supply in Wake County
January 2012 - 6.6 Months of Supply in Wake County
January 2013 - 4.8 Months of Supply in Wake County
35.5% Decrease in Months of Supply in Wake County
Wake County is currently at a 4.8 months supply of inventory - the lowest in more than 5 years. More than 6 months of supply represents a buyer's market. Six months of supply represents neither a buyers or a sellers market. Currently, the Raleigh market is heading into a seller's market.Get the Latest Raleigh 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.
Considering buying a new home in Wake County, NC?
Stanton Homes helps ensure your new home is just what you're looking for.