The future looks bright for sellers in Raleigh. According to Zillow, the median sale price of Raleigh homes increased by 7.9% in 2013. Homes with North Raleigh zip codes faired even better, with huge gains in median sale prices for 27607 and 27608 areas, at 36.4% and 22%, respectively.
Sellers also had much easier times finding qualified buyers in 2013 than in the previous five years, with the number of home sales rising in the Triangle. Triangle Business Journal reported that nearly 29,500 home sales were recorded through Triangle Multiple Listings Services in 2013 – a whopping 23.5% gain from the previous year.
On average, sellers received a higher percentage of the original listing price and saw a drop in the average number of days their homes were on the market. Though home values are expected to continue rising into 2014, expect a more gradual upward slope.For more information on Triangle MLS market trends, click here.