Raleigh’s “Weak and Declining” Real Estate Market

Raleigh’s “Weak and Declining” Real Estate Market
Wake County real estate average prices have had an overall upward trend since December rising a healthy 3.5% while the Median is nearly flat with only a modest gain of .375%.

The percent of list price received is an important indicator because it reflects both demand and value. I like to look at both the Original List Price and the Final List Price because the numbers can be telling.

First, it reveals just how important it will be for a seller to price their home right from the beginning because as you can see, houses that are priced too high to begin with but eventually sell will do so at lower prices.

Second, as you can see, the Percent of List Price Received has been steadily increasing throughout the year reflecting healthy demand for homes in Raleigh and Wake County.

he Percent of List Price Received has been steadily increasing throughout the year reflecting healthy demand for homes in Raleigh and Wake County.
he Percent of List Price Received has been steadily increasing throughout the year reflecting healthy demand for homes in Raleigh and Wake County.

Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183

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