Raleigh Real Estate Market Update - November 2012
Top Positive Stats of November 2012
- Average sales price - $243,488 - Up 5.3% from November 2011
- Total sales volume - $116.9 million up 35.6%
- Months supply of inventory - 4.9 months down from 8.6 months in November 2011
As you can see from the stats above, we have much to appreciate about the Raleigh real estate market right now. Average sales prices are up as well as the median price. The total # of sales and the total sales volume is increasing. And the supply of homes on the market in Raleigh has decreased to a healthy and balanced level. Though many Raleigh sellers sat on the sidelines waiting to see how the market would perform this year.
The end of the 2012 is rapidly approaching so we will keep you informed of the statistics for the entire year. If you like this article
** Information courtesy of the Triangle Multiple Listing Service. Information deemed reliable but not guaranteed.