June 9, 2021 | Michele Langley
Below are details of the Raleigh Real Estate Market for the month of April. As you can see, the biggest issue is a LACK OF INVENTORY and COMPETITION which is driving home values up.
In April 2021, the supply of Raleigh Homes for Sale is less than half a month. In 2021, the supply of homes was 2.1 months. Another key data figure is that the percent of original list price received was up 4.1% from April of 2020.
If you are considering selling or buying a home, contact the MLTeam for more detailed information on how to navigate the current Raleigh Real Estate market. Including Wake and Johnston Counties, we can help you determine the right time to buy or sell your home.