May 2018 Was The Hottest Home Buying Season In History Raleigh

May 2018 Was The Hottest Home Buying Season In History Raleigh

Michelle


Homes have been flying off the market across the country—oftentimes for above asking price—for quite some time now, with many real estate agents and experts saying it’s been unlike anything they’ve ever seen.

Turns out, they were right.

A recent article from Realtor.com confirms that May 2018 was the hottest home buying month in history. According to the article, homes are spending 32 days less on the market than they were six years ago. Also, 39 of the top 50 markets across the country saw their lowest days on the market since 2012 (when Realtor.com started tracking pace of sales data).

Not only are homes flying off the market, but they’re selling for higher than ever before; the median listing price in May was $297,000—an increase of 8% over last spring.


The Takeaway

If you’ve been thinking about selling your home, NOW is the time to make a move. Not only is it highly likely your property will move quickly, but it’s also likely you’ll fetch a higher price in the process.


Brian Hargrove Headshot
Author:
Phone: 919-830-5233
Dated: June 12th 2018
Views: 1,210
About Brian: ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Raleigh NC Area Real Estate Market Update 2021 - Raleigh, Durham, Chapel Hill and
Real Estate Testimonial Gerald And Shayna First Time Home Buyers - Woohoo! It sure is a great day to
Apple Inc Is Coming To Wake County NC - Apple just announced a new campus
August Triangle Market Update - Market is hot in!

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Grow Local Realty
140 Raleigh Street
Holly Springs, NC
919-582-7340
919-867-6464

Other Locations