November Raleigh Real Estate Market Update

Raleigh Real Estate & Homes for Sale Market Update for November 2015

Welcome to Raleigh NC Real Estate November Market update where you can learn how fast homes are selling in Raleigh NC and average prices of homes for sale in Raleigh.

As your Raleigh real estate agent, we thought you would find this information helpful to understand the Raleigh Real Estate Market and how the trends could impact your home buying or selling decision.  The local real estate market in Raleigh NC in the month of October experience the following market trends:

  • The number of active homes for sale in Raleigh was down 25% from one year earlier and down 6 percent from the previous month.
  • The median list price of homes for sale in the month of October was just over $360k.
  • Compared to last year, the average number of days that Raleigh homes spent on the real estate market before being sold was down 44%.
  • The median sales price of a home in Raleigh was just over $260k.  The number of homes sold decreased 4% year over year and increased 2% month over month.

Thanks for watching or market update video and to we home if you need additional real estate assistance please let your Raleigh Realtor, Michele Langley, know how she can help you with your home buying or selling needs.

Thinking of relocating to Raleigh NC? Learn more about the city of Raleigh on our Raleigh Real Estate community page.