2020 was a year unlike any other. Though the year was filled with unprecedented tragedy, trials, and tribulations, there were moments of joy worth celebrating—new babies were born, a record number of dogs were adopted, and many experienced the undeniable joy of purchasing a new home. With a sense of gratitude and optimism, we offer this 2020 Raleigh-Durham-Chapel Hill Annual Wrap-Up—we look back to move forward.
- There were 31,853 total home sales in the MSA in 2020 compared to 30,051 in 2019. This translates into a 6.0% increase.
- From 2019 to 2020 the average sales price increased by 7.0%. In 2020 the average sales price was $378,973 compared to $354,051 in 2019.
- In 2020 on average a listing stayed on the market for 18.4 days before closing. The average price per square foot was $162.77.
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We hope the 2020 Nest Annual Wrap-Up gets you thinking about all of the ins and outs of the local and national market. Have questions? Great! Nest is ready to be your local housing market experts!