Raleigh Real Estate ConditionAccording to real estate bloggers in the Raleigh, North Carolina area, the Triangle housing market is looking good. Home sales this past July have been increasing by 26% and pending sales are up 27% compared to same time last year. The local Raleigh movers learned that homes sell faster these days too, going from 128 days on the market in 2011 to 112 days currently. The average price didn't change much, a slight decline of $1000 to $242,000. All My Sons of Raleigh learned that inventory has decreased by 23%. Which the local Raleigh movers know means that if demand for homeownership increases there will be a hike in prices. The Raleigh-Cary area ranks number one on Inman News top 10 list of strong real estate market is in the nation. In March 2012 alone, there was a 35% increase in sales compared to last year.
The Raleigh movers found out that right now the inventory has dropped 30% compared to last year during the same time period, so buyers are getting more competitive as they try to also score the best interest rates. Sales have increased but not for resales, compared to distressed homes. Those who have updated their homes have an easier time selling their homes because buyers anticipate less renovations with these types of properties. The local Raleigh moving specialists learned that the most popular updates lately have been granite countertops, updated baths, light fixtures, new appliances, paint and carpet. Many people are also migrating to Wake County and the Research Triangle Park area with the majority of inbound traffic coming from out of state, especially New York.
Raleigh, North Carolina has been ranked #5 on Forbes Magazine as the country's list on recession-proof cities due to its stable home prices and growth across various sectors. The median home price has increased by 4%. Cary ranks #5 in growth among America's population over 100,000 according to the US Census Bureau with Raleigh ranking at 13. All My Sons of Raleigh has just been forecasted as the #2 strongest market in the country with the Triangle market the only one of the top five areas not in the Midwest.
Are you thinking of moving to Raleigh, North Carolina. If so, call the local Raleigh moving specialists for professional moving services at an affordable price. You'll be moving with the All My Sons Moving and storage family so you know you'll be in trusted hands.