Real Estate Market Report for North #Raleigh NC - May 2013

By
Real Estate Broker Owner with RED Properties NC #129285
http://actvra.in/X4p
The Real Estate Market Statistics are out for May 2013 and once again there are many positive trends. 

For North Raleigh the number of Closed Sales was up +33.1% when compared to the same time period in the year 2012.  The total number of Closed Sales was 398.  The inventory of homes for sale was down -10.3% however.  The total number of homes for sale in North Raleigh in May 2013 was 1304.

 

The Absorption Rate for North Raleigh pretty much held steady at 5.3 which indicated a Sellers Market.  This statistic shows a -29.5% drop from the same time period last year.  Please keep in mind this statistic is ONLY for North Raleigh and different areas of the Triangle are experiencing different markets.  For more information regarding the Absorption Rate, what it means and how it effects both buying and selling please visit What Is An Absorption Rate?

 

Finally, the Average Days on the Market is down -29.4% from the same time period last year.  For May 2013 the Average Days on Market was 84.

 

If you have any questions regarding the statistics for North Raleigh or are interested in another area of Raleigh NC please give me a call or send me an email - I would be happy to help!

Posted by
 RED Properties RaleighRed
RED Properties RaleighRed

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Topic:
Real Estate Market Trends
Location:
North Carolina Wake County Raleigh
Groups:
Market Reports
Dedicated Bloggers
City & State: Listings and Market Reports
Realestateandfunding
North Carolina Real Estate
Tags:
raleigh nc real estate
raleighred
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raleigh nc homes for sale
real estate market reports

Comments 1 New Comment

Ambassador
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Judi K Barrett
Broker/Owner, Integrity Real Estate Services -IDAB
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma

Leesa, I love the way that your graphs put the details into focus on the market condition of North Raleigh NC.  Great information. 

June 26, 2013 05:32 AM
Rainmaker
633,279

Leesa Finley

RED Properties - Raleigh NC Real Estate
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Additional Information

Welcome to Raleigh NC! Though my blog you can find Homes for Sale in Raleigh NC and the surrounding area, Things To Do in Raleigh NC and so much MORE! I am the Owner/Broker In Charge of R.E.D. Properties and I specialize in Northern Wake County with a focus on Wake Forest NC. It's where I live, it's what I love! Please visit "About Me" for more details on how I can help you!
Scroll down for some very helpful links with regards to Raleigh NC Homes For Sale, the Raleigh Real Estate Market, Area Events and Things To Do in Raleigh NC and so much MORE!Leesa L. Fin…, Real Estate Professional in Raleigh
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