September Market Update: Raleigh
Mark Spain Real Estate has provided a market update of the September Raleigh real estate market for you. 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. Knowing these trends can ensure you can make well-informed decisions and stay in the know!
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!
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.
We are in a buyers market right now. You are able to receive more for your home due to the low inventory levels. Low inventory levels means that there are few homes listed in the market right now. This is great for sellers because this means that there is little competition for your Raleigh home. You will not have to compromise or negotiate as much, due to the low inventory levels and low competition.
Now is a great time to list your home and sell for maximum value! You will increase the inventory levels while also having time to find a home for yourself. The length of days on the market is longer during this season. This will give you time to prepare your home for showings and open houses. You can catch the eyes of buyers with your home, they will be on the lookout for their dream home during this season!
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! You have plenty of options to move to your most desired locations, and Mark Spain Real Estate is here to help you achieve that!
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 in Raleigh with ease!
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.
Mark Spain Real Estate strives to keep our clients as our top priority and deliver an unparalleled client experience. We are grateful to serve our clients in reaching their real estate goals!
Mark Spain Real Estate is actively searching for new and dedicated individuals who are yearning to learn and grow daily and sell real estate in this ever-growing industry in Raleigh! If you lead with a servant’s heart and want to be apart of this Mark Spain family, contact us today!