"In September, home prices remained unchanged from the month before, with a median listing price of $475,000. The number of listings on the market grew 3.2% from last month, which 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."
"Typically, home price per square foot in Raleigh tend to fall in September. And the most recent data shows that the price per square foot decreased by 0.4% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the City of Oaks are smaller the national market."
"In September, there were 1,908 homes for sale in Raleigh, which was 3.2% more than the month before and 36.8% more than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. Homes in Raleigh take an average of 58 days to sell, according to September figures. This is one day more than the previous month and six days more than the same month last year. For comparison, nationally homes spent an average of 62 days on the market in September."
Median listing price in Raleigh was unchanged at $475,000 in September. Listings increased 3.2% month-over-month and 36.8% year-over-year, reaching 1,908 homes for sale. Price per square foot in Raleigh declined 0.4% from the prior month, a smaller drop than the national decrease of 0.8%. Nationwide active inventory rose 0.2% to 1,100,407. Homes in Raleigh averaged 58 days on market, one day longer than the previous month and six days longer than the same month last year. Nationally, the average days on market was 62 in September.
Read at SFGATE
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