Raleigh Homes, Information & Updates

Areas Served - Raleigh Homes


About

The core city in Wake County, Raleigh is the second biggest city in the state of North Carolina. Raleigh, nicknamed the “City of Oaks” due in large part to the many Oak Trees that can be found around the city, has a city population of 458,000 with a metropolitan area population of more than 1.2 million.

The city is well-known for its educational, cultural and historical offerings that can be found throughout. Beautiful historic buildings populate the downtown area while many state-of-the-art performance centers offer endless entertainment options.

Raleigh is growing rapidly and Wake County features many nearby cities, such as Cary, Wake Forest, Apex and Garner, that are experiencing similar trends.


Latest Housing Market Update

Although the number of home sales fell slightly last month, they have still increased by 4.9% from January through May 2017 compared to the same five-month period in 2016. The average selling price for a home in Wake County rose to $331,962 in May 2017, and the total dollar volume jumped nearly 7% despite a drop in sales last month.

Homes in the county are still selling much faster than they were last year, with May 2017 reporting homes selling 5 days quicker than May 2016. Additionally, months supply of inventory fell 8.3% year-over-year.

The early trend we are seeing in real estate activity carries over from 2016 that saw increases from 2015 in sales (+7.2%), average price (+5.3%) and total dollar volume (+12.9%) as the average number of days a home spent on the market fell by 17%.

If being part of a rapidly-growing city with beautiful scenery is something you’re interested in, moving to Raleigh or a nearby city in Wake County may be the solution for you and your family.

If this is something you may be interested in, as a Raleigh mortgage lender, I would be more than happy to help accommodate you and pair you with the perfect mortgage for your situation.