October Sees Raleigh Home Prices Rise, Chapel Hill Prices Fall

Wake County area Home Buying 13The past month was a bit of a mixed bag for the greater Wake County area, according to a recent report from the data analysis provider CoreLogic.

Evidently, while home prices increased in Raleigh, they actually fell in the Durham-Chapel Hill area when compared to last year.

Continue reading to learn more about these recent real estate trends and how they may impact you as a seller.

A Closer Look at Recent Activity in the Wake County Area

Here’s an overview of the recent report from CoreLogic:

  • Home prices (which included distressed sales) increased 4 percent in the Raleigh market during the month of October compared to last year.
  • Meanwhile, prices in the Durham-Chapel Hill area declined 0.9 percent.
  • The Durham-Chapel Hill area has seen prices decreased for 4 consecutive months.
  • Home prices increased 6.1 percent nationwide in October, which is the 32nd straight month that home prices have increased.

What Does This Mean for Home Sellers?

For home sellers, the recent news in Raleigh is great because it means that they have a chance to get a great price for their property for sale.

If those home sellers live in Chapel Hill or Durham, however, then it’s incentive to work with an experienced real estate expert who can effectively market your home to maximize the profit potential on your home.

We’re Here to Help With All of Your Wake County Area Home Selling Needs

Please contact us at The Rachel Kendall Team today if you’re a current property owner in Wake, Durham or Orange County and you’re interested in listing your home anytime soon.

We’ll take the time to get to know you and your home in order to potentially market it to potential home buyers.

We’ll also provide you with numerous home selling resources, including our free home evaluation and selling guide.

Until next time,

Rachel Kendall

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