September Market Update: Raleigh
The month of September has come to an end! School is back in full swing and Fall is officially upon us. As we move into October and the fall season, let’s take a moment to recap the month of September. We have provided a market update of the September Raleigh real estate market for you. Knowing these trends can ensure you can make well-informed decisions and stay in the know!
The Hard Facts
- The current median price list price remains flat from this time last month, residing currently at 385k
- The supply of available homes is down by 4% from this time last month, with inventory at 4,680 listings
- A home’s average days on market has increased from this time last year by 7% and currently resides at 44 days on the market
What Does This Mean For You?
Sellers, if you’re open to moving during the school year, now is a great time to sell! The average list price of the Raleigh real estate market remains high, take advantage and maximize your return on investment.
Buyers, the decrease in inventory is simply indicative of the fall season. With days on market on the rise, you have plenty of time to pursue the house that’s right for you. Get out there and find your dream home!
Does this market update have you thinking about moving? Navigating the real estate market can be difficult, and you don’t want to do it alone. At Mark Spain Real Estate, we are here to help! Contact us today to get a head start.