"The number of listings on the market remained practically unchanged from last month, but it is a smaller increase than normal for this time of the year in Raleigh, and homes are also selling slower than at the same time last year. Home prices in Raleigh Typically, home price per square foot in Raleigh tend to fall in October. But the most recent data shows that the price per square foot increased by 0.4% compared with the month before."
"In October, there were 1,909 homes for sale in Raleigh, which was practically unchanged from the month before and 32.1% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. Homes in Raleigh take an average of 59 days to sell, according to October figures. This is one day more than the previous month and seven days more than the same month last year. For comparison, nationally homes spent an average of 63 days on the market in October."
Median listing price in October was $479,950. Price per square foot in Raleigh increased 0.4% compared with the month before, despite typical October declines. Nationally, price per square foot decreased 0.8%, so Raleigh outpaced the national trend. There were 1,909 homes for sale in Raleigh in October, practically unchanged month-over-month and 32.1% higher than the same time last year. Average time on market in Raleigh was 59 days, one day longer than the previous month and seven days longer than the same month last year. The national average time on market was 63 days in October.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]