For the past couple of months, The Roark Premier Team has been tracking the housing market rise. In May, home sales skyrocketed. Since then, they’ve dropped a bit, but continued to be higher than they have been in the past six years. It’s been projected numerous times that various issues might greatly hinder the progress of the housing market. Each time, though sales have been a bit lower than the preceding month, home sales are still higher than they’ve been in previous years.
Raleigh home sales for the month of September were healthy as well. According to Triangle Multiple Listing Service, homes sales were still up 16 percent year-over-year in September and up 23 percent for the third quarter. Below, the Listing Service offers a few more statistics:
- 2,325 homes in September were sold in residential sales market. That is a bit less than homes that were sold this past August, but still great for this region.
- Average home sale prices were up 4.4 percent in September, compared to 2012.
- The median home sales price was up 3.9 percent from last year.
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Yes, there has been a bit of a slowdown in the last month and a half to two months. But, pending sales are still up. This means that those who’ve been waiting and waiting to purchase a home at the right time are stepping forward and finally feel comfortable enough to jump in the market and purchase a home in Raleigh. It also shows how comfortable they are with the future of the housing market.
The market is continuing to improve. According to statistics, it’s typical to see a dip in home sales during the third quarter of each year. With September marking the end of that third quarter, it’s hopeful that 2013 will end with a strong fourth quarter.
We’ve said it before, and it’s proving to be the truth, month after month. Purchasing a home in 2013 is important. Don’t miss out on this opportunity.
Contact a real estate agent in Raleigh for help finding your dream home. With home sales steady, more people are selling their home in Raleigh. Take advantage of this time!