April 2013 Raleigh Market Report
Two Year 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 April 2013 versus April 2012, according to the recently released Triangle MLS Report for April 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? On fire. Raleigh has seen double digit increases in home sales for nearly two years now.
April 2012 - 1081 Closed Sales in Wake County
April 2013 - 1548 Closed Sales in Wake County
43.2% 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.
April 2011 - 9264 Homes for Sale in Wake County
April 2012 - 7405 Homes for Sale in Wake County
April 2013 - 6249 Homes for Sale in Wake County
15.6% Decrease in Homes for Sale in Wake County
Months of Supply in Raleigh/Wake County
April 2011 - 10.6 Months of Supply in Wake County
April 2012 - 7.9 Months of Supply in Wake County
April 2013 - 5.2 Months of Supply in Wake County
34.5% Decrease in Months of Supply in Wake County
Wake County is currently at a 5 months supply of inventory. More than 6 months of supply represents a buyer's market. Six months of supply represents neither a buyers or a sellers market. A 5 month supply or less represents 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?