Have you been thinking of buying or selling a home this year, but are worried about the current, fluctuating state of the housing market? Are you concerned that you won't be able to sell your home for a fair price or buy a home that doesn't go over your budget? If so, there is exciting news to share with you this week!
Our North Hills Raleigh real estate team has been closely monitoring the housing market over the past few months and it looks like things are starting to pick up again! Triangle home sales in February 2015 were up a huge 6.7 percent from January 2015! That means that 1,816 existing homes were sold in the month of February, alone!
February 2015 Home Sales | North Hills Raleigh Real Estate
In addition, according to bizjournals.com, "Activity among the Triangle's residential real estate agency firms picked up in February with the number of home sales increasing 4.8 percent compared to the year before!
Those looking to sell their home should also be excited by the fact that the average home price for a house sold within the 16 counties in the greater Triangle region also rose 4.7 percent in February, according to the Triangle MLS. This time last year, homes were selling for $237,192. Even the median prices for homes rose, as well, to 1.5 percent. The average price for a median home in the Triangle is now at $197,913.
It seems as though 2015 is going to be a great year for the Triangle area's housing market. In fact, Clear Capital real estate research firm is forecasting increases of 3 to 5 percent in home sales growth in 2015 with price growth moderating to 1 to 3 percent.
That means it's time to get serious about buying or selling your home! If you’re considering buying or selling a home this year, contact our North Hills Raleigh real estate agent at Roark Premier Team, today! It's time to get started with the process of searching for your dream home! We will work with you, until you find your next home!
So what are you waiting for? Call now! At Roark Premier Team we have agents standing by to help you get your home sold during one of the busiest times of the year for real estate!