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Raleigh Home Sales Up 43% | April 2013 Raleigh Market Report

Posted by Penny Hull on Thu, May 30, 2013 @ 12:05 PM

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

Hows the Market in Raleigh

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
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.

Market Reports Raleigh | Raleigh New Homes

 

Considering buying a new home in Wake County, NC?

Wake County New Home Communities

Wake County NC New Homes

Wake County NC Property Tax Rates

Tags: new homes raleigh, raleigh new home builders, market reports, market reports raleigh

Raleigh Home Sales Report | Huge Uptick in Home Sales Continues

Posted by Penny Hull on Fri, Nov 16, 2012 @ 09:11 AM

October 2012 Wake County Market Report

12 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 October 2012 versus October 2011, according to the recently released Triangle MLS Report for October 2012.

This is a continuation of a year long trend in home sale increases in Wake County.

Number of Closed Sales in Raleigh/Wake County

Market Reports - Wake County New Homes | Raleigh New Homes October 2011 - 840 Closed Sales in Wake County

 October 2012 - 1119 Closed Sales in Wake County

33.2% Increase in Closed Sales in Wake County


Inventory of Homes for Sale in Raleigh/Wake County

October 2011 - 7686 Homes for Sale in Wake County

 October 2012 - 5423 Homes for Sale in Wake County

29.4% Decrease in Homes for Sale in Wake County

 Months of Supply in Raleigh/Wake County

October 2011 - 8.8 Months of Supply in Wake County

 October 2012 - 5.1 Months of Supply in Wake County

42% Decrease in Months of Supply in Wake County

Wake County is currently at a 5.1 months supply of inventory - the lowest it's been for more than 5 years.  6 months of supply represents neither a buyers or a sellers market.   If the months of supply drops below 5 months, the market 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.

Market Reports Raleigh | Raleigh New Homes

 

Considering buying a new home in Wake County, NC?

Wake County New Home Communities

Wake County NC New Homes

Wake County NC Property Tax Rates 2011

 

 

Tags: new homes raleigh, raleigh new home builders, market reports, market reports raleigh

Johnston County Market Report | Clayton NC Home Sales UP!

Posted by Penny Hull on Wed, Oct 24, 2012 @ 13:10 PM

Johnston County Market Report - September 2012

Closings up 47.6% - Market Continues to Gain Strength

The recently released Johnston County Triangle MLS Report for September 2012 shows a significant increase in closings in 2012 versus 2011.

Market Reports - Wake County New Homes | Raleigh New HomesSeptember 2011 - 126 Closed Sales in Johnston County

September 2012 - 186 Closed Sales in Johnston County

47.6% Increase in Closed Sales in Johnston County

New listings are up in the Clayton area.

September 2011 -247 New Listings added in Johnston County

September 2012 - 309 New Listings added in Johnston County

25.1% increase in New Listings Added in Johnston County

The total inventory of homes for sale in Johnston County has decreased significantly - the inventory of available homes for sale in Johnston County was 13.2% lower in September 2012 than in September 2011.

New Homes in Johnston County NC 

In Johnston County, custom new home options can include country lots with acreage, lots in communities that allow horses, lots in lake or riverside communities, and lots within custom home neighborhoods.

Johnston County homes are for sale within towns and cities such as: Clayton, Four Oaks, Kenly, Pine Level, Selma, Smithfield, and Wilsons Mills. Clayton is the largest city in Johnston County.

Nearby counties include Wake County, and Harnett County.

Tags: clayton new homes, clayton custom home builders, market reports, clayton market reports

Raleigh Home Inventory Continues to Drop

Posted by Penny Hull on Mon, Oct 15, 2012 @ 13:10 PM

Number of Homes on Market Continues to Dip

Lowest Available Inventory in 7 Years in Raleigh

Wake County inventory levels continued to drop in September 2012.   Inventory of homes for sale in the Raleigh market are now at their lowest levels in seven years.

Raleigh New Home Inventory

Inventory of homes for sale in Wake County is down 29% in September of 2012 from September of 2011.

The number of homes for sale is at it's lowest level since before 2006 - homebuyers who waited, hoping for exceptional homes at "clearance" pricing are finding disappointment instead.  Real estate agents are reporting multiple offers on well-priced properties, particularly those in prime areas. 

The past 15 months have seen continual increases in closed sales for Wake County, with pending sales indicating that the trend will continue.

Not surprising, as Raleigh has (AGAIN) appeared on the "Best Places to Live" list - this year making the #1 place in Businessweek's "America's Best City" list.

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.

Tags: new homes raleigh, raleigh new home builders, market reports, market reports raleigh

Wake County Home Sales Report | Inventory Continues to Drop

Posted by Penny Hull on Mon, Oct 15, 2012 @ 13:10 PM

September 2012 Wake County Market Report

Home Sales Up AGAIN 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 September 2012 versus September 2011, according to the recently released Triangle MLS Report for September 2012.

This is a continuation of a nearly one year long trend in home sale increases in Wake County.

Market Reports - Wake County New Homes | Raleigh New Homes September 2011 - 932 Closed Sales in Wake County

 September 2012 - 1115 Closed Sales in Wake County

19.6% Increase in Closed Sales in Wake County

New listings are up by .7%, so even though sales are much stronger, the number of homes available hasn't changed much.

September 2011 - 1468 New Listings in Wake County

 September 2012 - 1479 New Listings in Wake County

 

 

The total available inventory of homes for sale in the Raleigh area, specifically in Wake County, has decreased from 7,995 last year to 5,661 this year. 

29.2% DECREASE in Total Homes For Sale in Wake County


Wake County is currently at a 5.4 months supply of inventory - the lowest it's been for more than 5 years.  6 months of supply represents neither a buyers or a sellers market.   Much lower than a six month supply, and Wake County will continue it's 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.

Market Reports Raleigh | Raleigh New Homes

 

Considering buying a new home in Wake County, NC?

Wake County New Home Communities

Wake County NC New Homes

Wake County NC Property Tax Rates 2011

 

 

Tags: new homes raleigh, raleigh new home builders, market reports, market reports raleigh

Raleigh Market Report | Huge Increase in Home Sales

Posted by Penny Hull on Mon, Oct 01, 2012 @ 08:10 AM

Augst 2012 Wake County Market Report

Home Sales Up AGAIN 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 August 2012 versus August 2011, according to the recently released Triangle MLS Report for August 2012.

This is a continuation of an eight month trend in home sale increases in Wake County.

Market Reports - Wake County New Homes | Raleigh New Homes August 2011 - 1034 Closed Sales in Wake County

 August 2012 - 1349 Closed Sales in Wake County

30.5% Increase in Closed Sales in Wake County

New listings are up by 7.4%, so there were a few more choices in July.

August 2011 - 1566 New Listings in Wake County

 August 2012 - 1682 New Listings in Wake County

 

 

The total available inventory of homes for sale in the Raleigh area, specifically in Wake County, has decreased from 8,340 last year to 5,736 this year. 

31.2% DECREASE in Total Homes For Sale in Wake County


Wake County is currently at a 5.6 months supply of inventory - the lowest it's been for more than 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" - it's on it's way. 

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.

Market Reports Raleigh | Raleigh New Homes

 

Considering buying a new home in Wake County, NC?

Wake County New Home Communities

Wake County NC New Homes

Wake County NC Property Tax Rates 2011

 

 

Tags: new homes raleigh, raleigh new home builders, market reports, market reports raleigh

Raleigh Homes Hopping - Home Sales Up 23%!

Posted by Penny Hull on Wed, Sep 12, 2012 @ 16:09 PM

July 2012 Wake County Real Estate Report

Home Sales Up AGAIN!

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 July 2012 versus July 2011, according to the recently released Triangle MLS Report for July 2012.

This is a continuation of an eight month trend in home sale increases in Wake County.

Market Reports - Wake County New Homes | Raleigh New Homes July 2011 - 1000 Closed Sales in Wake County

 July 2012 - 1226 Closed Sales in Wake County

22.6% Increase in Closed Sales in Wake County

New listings are up by 9.8%, so there were a few more choices in July.

July 2011 - 1533 New Listings in Wake County

 July 2012 - 1684 New Listings in Wake County

 

 

The total available inventory of homes for sale in the Raleigh area, specifically in Wake County, has decreased from 8,746 last year to 5,872 this year. 

32.9% DECREASE in Total Homes For Sale in Wake County


Wake County is currently at a 5.9 months supply of inventory - the lowest it's been for more than 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" - it's on it's way. 

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.

Market Reports Raleigh | Raleigh New Homes

 

Considering buying a new home in Wake County, NC?

Wake County New Home Communities

Wake County NC New Homes

Wake County NC Property Tax Rates 2011

 

 

Tags: new homes raleigh, raleigh new home builders, market reports, market reports raleigh

Raleigh Market Report | Lowest Inventory in Seven Years

Posted by Penny Hull on Tue, Jul 17, 2012 @ 11:07 AM

Number of Homes on Market Continues to Shrink

Lowest Available Inventory in 7 Years in Raleigh

Wake County inventory levels continued to drop in June 2012.   Inventory of homes for sale in the Raleigh market are now at their lowest levels in seven years.

Raleigh Market Report | raleigh new home builders

Inventory of homes for sale in Wake County is down 34.7% in June of 2012 from June of 2011.

The number of homes for sale is at it's lowest level since before 2006 - homebuyers who waited, hoping for exceptional homes at "clearance" pricing are finding disappointment instead.  Real estate agents are reporting multiple offers on well-priced properties, particularly those in prime areas. 

The past twelve months have seen continual increases in closed sales for Wake County, with pending sales indicating that the trend will continue.

Not surprising, as Raleigh has (AGAIN) appeared on the "Best Places to Live" list - this year making the #1 place in Businessweek's "America's Best City" list.

Get the Latest Raleigh Market Reports Here

See All Area Market Reports Here

See Second Quarter Market Report 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.

Tags: new homes raleigh, raleigh new home builders, market reports, market reports raleigh

Raleigh New Homes | Triangle New Homes at a 13-Year Low

Posted by Penny Hull on Mon, Apr 16, 2012 @ 09:04 AM

Housing Market Statistics You Need to Know

Inventory of New Homes in the Triangle at a 13-Year Low

The Triangle area of North Carolina is seeing both a decline in new and existing home Triangle Housing Market Report | New Homes in Raleighinventory AND an uptick in demand!

Inventory of new home construction lots are available in locations closest to Raleigh and Research Triangle Park job pockets is also low.

According to the Triangle Multiple Listing Services:

 - The number of existing homes on the market in Durham, Johnston, Orange and Wake counties in February was 7,720, down 26 percent from one year ago

According to Metrostudy, a research firm that tracks Triangle housing trends:

 - The Triangle had 4,051 new homes either under construction or completed but vacant in the first quarter of this year, the second-lowest level of inventory in 13 years of surveying the region.

 - The lowest was recorded the prior quarter.

 - The number of finished but vacant new homes on the market is now at an all-time low of 1,797, which is 60 percent less than what was for sale at the market peak four years ago.

 

Read the full New and Observer article on this topic here.

 

 

Tags: raleigh nc custom homes, raleigh new home builders, market reports, market reports raleigh, raleigh new homes

Home Sales Up in Clayton - Inventory Continues to Shrink

Posted by Penny Hull on Tue, Apr 03, 2012 @ 08:04 AM

February 2012 Johnston County Real Estate Report

Clayton, NC Home Sales Continue to Rise

 

Considering buying a new home in the Clayton area of Johnston County? You're not the only one. There was a huge increase in closings in February 2012 versus February 2011, according to the recently released Triangle MLS Report for February 2012.

Home Sales Up in Johnston County - Inventory Continues to ShrinkThis is a continuation of a trend in home sale increases in Johnston County.

 February 2011 - 99 Closed Sales in Johnston County

February 2012 - 131 Closed Sales in Johnston County

32.3% Increase in Closed Sales in Johnston County. There was also a 32.1% increase in Wake County, NC closed sales during this time period.

 

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

February 2011 - 321 New Listings in Johnston County

February 2012 - 244 New Listings in Johnston County

 

24.0% DECREASE in New Listings Available in Johnston County

 

The total available inventory of homes for sale in the Raleigh area, specifically in Johnston County, has decreased from 1,585 last year to 1,264 this year.

20.3% DECREASE in Total Homes For Sale in Johnston County

Home Sales Up in Johnston County - Inventory Continues to Shrink
Johnston County is currently at a 9.8 months supply of inventory, down from an 11.3 months supply in 2011.

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Get the Latest Raleigh Market Reports Here

See All Area Market Reports Here


Johnston County NC, located just south of Wake County, encompasses Clayton, Four Oaks, Kenly, Pine Level, Selma, Smithfield, and Wilsons Mills.

Johnston County, NC New Home Resources:

Home Sales Up in Johnston County - Inventory Continues to Shrink

 

Johnston County New Home Lots for Sale

New Homes on a Golf Course in Johnston County, NC

Johnston County, NC New Home Builders

 

Tags: clayton new homes, clayton custom home builders, market reports, clayton market reports