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Annie Meadows · Raleigh REALTOR® at Hudson Residential

Raleigh Real Estate Agent with Hudson Residential

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Things are Looking Way Up…

March 10, 2021 By Annie Meadows

Spring is almost here and like the temperature is rising, so are home sales. This rise is likely to carry through the whole year, with more buyers expected to enter the market. We also expect economic conditions to improve with additional stimulus packages forthcoming and vaccine distribution already underway.

What Does This Mean for You?

Real Estate in Raleigh, NC, With Annie Meadows

If you are looking to buy or sell a home this spring, you are going to need someone in your corner who understands the market.

I would love to talk with you more about what is happening in real estate in the Triangle right now. If you’re a numbers geek like me, keep reading for a few stats* below and, as always, give me a call at 919-961-3277 or email me at Annie@HudsonResidential.com with any questions you have.

It’s a Seller’s Market

Real Estate Trends in Raleigh, NC, With Annie Meadows.png

In January 2021, the demand for homes was more than twice as much as the supply!

Total New Listings

January 2020: 1,987

January 2021: 1,696

Down 14.65%

Active listings are lower than last year leading to an upward trend in prices.

Total Sales

January 2020: 1,234

January 2021: 1,425

Up 15.48%

Properties got sold 48.72% faster in January 2021 than in January 2020.

Average Sold Price

January 2020: $362,077

January 2021: $405,367

Up 11.96%

The median sales price was 8.1% higher than last year.

Total Dollar Volume (In Million) 

January 2020: $446.80

January 2021: $577.60

Up 29.27%

Market liquidity is more than the previous year.

Months Supply of Inventory

January 2020: 1.9

January 2021: 0.7

Down 63.16%

The month’s supply level is lower than 2020 so prices will thrust upward rapidly.

*The data above is from the Triangle MLS.

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Filed Under: For Buyers, For Sellers, Home Trends Tagged With: Buyer, Raleigh, Raleigh Real Estate, Real Estate, Selling

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4441 Six Forks Road
Suite 106-285
Raleigh, NC 27609

Phone: 919-961-3277
Email: Annie@HudsonResidential.com

Annie Meadows
Real Estate Broker
Hudson Residential

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