Raleigh NC Real Estate >>Prices Continue To Rise in the Triangle Real Estate Market : Raleigh,Cary, Wake County Blog and Relocation Information

Raleigh,Cary, Wake County Blog and Relocation Information

Nov. 6, 2006 - Raleigh NC Real Estate >>Prices Continue To Rise in the Triangle Real Estate Market

Statistics Show Rising Prices in Raleigh Durham Real Estate Market

According to the National Association of Realtors®, in many areas of the country, home sales appear to be bottoming out with lower home prices attracting buyers. Is this happening in Durham County and the Raleigh area real estate markets? Not according to the September sales statistics.

Durham sales statistics for September 2006 show 2,093 active listings which is 52 more homes on the market than September 2005 or a 3 percent increase. Sold listings have increased by 71 homes or 21 percent. The average sales price has increased by $11,296 or 6 percent compared to September 2005 with 14 percent more sales year-to-date than 2005.

Durham County	Active Listings	Sold Listings	Average Sales Price	Year to Date Sales
Sept 2006	2,093	407	$187,700	5,188
Sept 2005	2,041	336	$176,404	4,548

Similarly, Raleigh area (Wake County) reports an increase in active listings when comparing September 2005 to September 2006. This year in September there were 6,759 listings, up 8 percent from last year’s 6,271 number. At the same time, the number of sold listings increased from 1,763 to 1,800 or 2 percent. Year-to-date sales are 11 percent higher than last year. And, prices climbed 4 percent from September 2005.

Raleigh Real Estate	Active Listings	Sold Listings	Average Sales Price	Year to Date Sales
Sept 2006	6,759	1,800	$255,400	23,065
Sept 2005	6,271	1,763	$244,879	20,800

Buyers have more homes to choose from during the winter months but prices are continuing to rise making it difficult for many first time buyers to enter the market. If you are thinking of buying a home and need to know how much home you qualify for,please contact me and I’ll put you in touch with a reputable lender. Also, visit TriangleNCHomes4Sale.com to set up your automated email home search. Statistics provided by Triangle MLS and are deemed accurate, but not warranted.

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Raleigh,Cary, Wake County Blog and Relocation Information

Nov. 6, 2006 - Raleigh NC Real Estate >>Prices Continue To Rise in the Triangle Real Estate Market

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