2019 is now more than halfway over and we are excited to release our 2019 Raleigh-Durham-Chapel Hill Mid-Year Market Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.
Overall, total sales in the Raleigh-Durham-Chapel Hill area real estate market increased as prices and inventory levels rose.
QUICK TAKEAWAYS
- Total sales increased 3% year-over-year across the Raleigh-Durham-Chapel Hill MSA in the first half of the year, rising from 14,185 in 2018 to 14,611 in 2019.
- The median sales price in the first half of 2019 was $306,000 compared to $297,000 in 2018, a 3% increase.
- In the Raleigh-Durham-Chapel Hill MSA, average days on market rose 5% to 21. Durham County had the lowest average days on market within the Raleigh-Durham-Chapel Hill MSA at 18 days.
Be sure to check out the full 2019 Raleigh-Durham-Chapel Hill Mid-Year Market Report here for more info on how the market performed in the first half of the year.
Whether buying or selling, it is increasingly important in current market conditions to talk with your Nest Broker about how your home fits into the bigger picture. They will advise you and prepare you to make knowledgable decisions and help you achieve your real estate goals. Interested in what’s happening in other markets? To view all of our area market reports, click here.
Have questions? Contact your Nest Broker today.