May Market Update: Raleigh
The month of May is coming to a close! We’ve seen warmer weather, longer days and the beginning of the summer market. While we’re excited for the arrival of June, let’s not forget about the changes seen in May! We’ve summarized the key trends of Raleigh, North Carolina’s May real estate market to ensure you can make well-informed decisions and stay in the know.
Hard Facts: Raleigh Market Update
- The median sold price of homes in Raleigh is up 5.7% from last year’s may market and currently resides in the $257,000 range.
- Available homes have increased by .7% from this time last month.
- Days on market have decreased by 5.3% from last month and currently average around 46 days. ( A Mark Spain listing averages around 37 days on market)
What does this mean for you?
Buyers, don’t let fewer days on the market scare you! Interest rates are down, so there’s been a natural increase of demand. Your dream home is out there and will be available for you. Don’t miss out! It’s a great time to begin accruing equity.
Sellers, the increase of inventory indicates we are continuing into a balanced and normal market. People are still looking to buy, it’s best to list now and start the process before the lull of late summer strikes!
As summer settles in, the most activity will be seen in June, July, and August. The best time to get into the real estate market is now before the natural dip in the 4th quarter. Whether you’re buying or selling, you can be settled by the new school year and spend the holidays in your new home!
Guaranteed Offer Program-
Mark Spain Real Estate strives to deliver an unparalleled client experience. We provide a Guaranteed Offer Program for our sellers who are in need of a fast sale and do not want to compromise on the sale price. With the Guaranteed Offer Program, we offer a competitive cash offer and enable you to close within 21 days!
You are able to bypass the market with no showings or open houses. At Mark Spain Real Estate, we want to alleviate all of the stresses that come with selling a home, we want you to enjoy the process as much as possible. You will be able to move on to the next chapter of your life with ease!
Whatever chapter of life you find yourself in, be it needing to sell or buy for the first or tenth time, make sure you are represented by a professional, full-time agent with years of closing experience under their belt!
Mark Spain Real Estate strives to be the most knowledgeable in the markets! We take pride in being named the most trusted real estate firm in the industry. We take time in strengthening our knowledge of technology, real estate, and self improvement to feed our drive of continuously learning and growing!
Our team prepares many training activities, podcasts, and books to aid us in our ever-growing need to learn and grow. One of our core values is to continuously learn and grow, which is one way we have set ourselves apart. We strive to lead with a servant’s heart and exemplify this is all that we do!
Thinking about moving? Navigating the market can be difficult, and you do not want to do it alone. Contact us today to get a head start!