Your Triangle Real Estate Market Report for March

Home Buying 14Now that we’re officially three months into the new year, we thought this was a good time to check in with you about the current state of the local housing market here in the Triangle area.

After all, the spring home buying season is nearly upon us and that means that more and more home buyers and sellers will be navigating the market. And we want to make sure you have the most up-to-date information possible to help you navigate the market!

Without Further Ado, Here’s Your Triangle Housing Report

Home prices increased in January in Raleigh and decreased in the Durham-Chapel Hill area compared with last year, according to the most recent report from Core Logic.

Evidently, home prices (including distressed sales) increased 4.8 percent in the Raleigh market while the Durham-Chapel Hill area saw prices decline 0.1 percent. This marks the seventh straight month that this community has seen prices decrease.

Here’s what else CoreLogic reported:

  • All Triangle markets saw increases over December, which is when prices increased 3.9 percent in Raleigh and declined 1.7 percent in Durham-Chapel Hill.
  • Home prices increased 5.7 percent nationwide in January, which was the 35th consecutive month for that.
  • And the average sales price of the homes that sold in January was $244,000, down from $250,000 during the same period in 2014.

We’re Here to Help You Realize Your Triangle Real Estate Dreams

Knowing the current state of the housing market here in the Triangle area is the first step toward realizing a successful outcome on the local housing market.

The next step is to start working with an experienced real estate agent who can assist you at every stage of the home buying or home selling process.

That’s where we can help! Contact us at The Rachel Kendall Team today to learn all about the services we provide to our Triangle home buyers and sellers, including valuable tools as well as straight-forward expert advice.

Contact us today to see how we can help you!

Until next time,

Rachel

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