 Home sales in August 2011 were 23% higher than the same time last year. It’s definitely a positive sign, but does it mean the Raleigh housing market is improving? I spoke with reporter David Bracken at the News & Observer on Friday after he reviewed August home sales data. He was seeking further opinion about where the [...]  Inventory of unsold homes is at the lowest level since the housing downturn began. “It’s good news, maybe” according to Wall Street Journal real estate writer Nick Timiraos. At the end of June, nearly 2.34 million homes were listed for sale on multiple-listing services in more than 900 metro areas, the lowest level for that time of year [...]  Closed sales for Wake County through April 2011 are down 16.6% compared to the same period last year. The good news is that there are 22.8% fewer new listings for the year. The bad news is really unknown: How many people are sitting on the sidelines waiting for the market to turn around before they sell? Wake [...]  Even in this recession, Raleigh is a growing city and the new home market is important to our economy. Following are a few notes about the current state of our new home market: 1st quarter 2011 compared to 1st quarter 2010: New home inventory is down 18% A recent report in the News & Observer shows that first quarter home sales for the Triangle market are down 8% compared to the same quarter 2010. There were 3,041 homes sold during the first three months of the year in Durham, Johnston, Orange and Wake counties, Triangle Multiple Listing Services data show. That was down 8 percent from [...] This video features Raleigh real estate market analyst, Stacey Anfindsen. He reports on the local real estate market for fourth quarter 2010 using data from Triangle MLS, Wake County tax records and [...]  Home sales in Wake County (Including Raleigh, Cary, Wake Forest, etc…) dropped 9.2% in 2010 over 2009 while homes listed for sale increased a nominal .6% through November.
Click to enlarge While sales dropped and the number of homes increased in Wake County, the median sales price jumped 6.6% [...] You have probably figured out by now that I like to analyze real estate market trends in Raleigh. In keeping with this, if you are considering a selling your home then you might be interested to know more about pricing your home for sale. According to the 3rd quarter Triangle Area Residential Realty Report from SMA Publications, [...] The tax credit served an immediate purpose by putting money in the hand of the consumer and getting home buyers off the fence. The credit ended in April and the resulting hangover is fewer showings and fewer sales in the months that followed. Wake County saw home sales slip 29.9% in August 2010 vs. 2009. August 2010 [...] The housing market in Raleigh is slipping now that tax incentives are no longer in place. Home showings in July rose .o4% from June but are 23.07% lower than July 2010. Pending home sales in July dropped 30.5% over 2009 but are up .5% year over year. |
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