Have you been thinking of buying or selling a home in 2015? If so, it's time to start preparing! Our Raleigh real estate agent is here to help you prepare for one of the biggest adventures of your life! Buying or selling a home takes time, preparation and research! That's why our agents are here to help you find all the information you need on the 2015 housing market!
2015 Housing Market | Raleigh Real Estate Agent
The 2015 housing inventory is tightening in markets all across the U.S. and it's noted that nationwide, listings have decreased by 6.7%, month over month. Year over year, they've decreased close to 9%.
According to realtor.com, January’s inventory data suggest a continuation of the tightening trend we identified last month in the December data, and with a shortage of inventory typically comes increased home prices. Half of the real estate markets that have been tracked in 2015 show that they've experienced year-over-year price increases of at least 6% in January.
On the other hand, 200 of the largest markets in the U.S. are said to be growing in inventory and healthy as can be.
Also according to realtor.com, a few of the markets doing the best include:
- New York
- Newark - Jersey City, NJ
- Tampa, FL - St. Petersburg - Clearwater - Jacksonville, Florida
- Pittsburg, Pennsylvania
With these four markets expected to continue to grow, it's likely that these markets will help other markets in the U.S.
There are a few key monthly indicators that help experts know that the markets are doing well above national average. The following key factors are according to the national housing market:
- Median list price – $211,000 (Up 8.8% year over year)
- Total listing count – 1,591,853 (Down 8.7% year over year)
- Median age of inventory – 103 Days (Down 4.6% year over year)
For more information that will help you get ready to buy or sell a home, be sure to visit back with us on our next blog post! We will have more information on the U.S. housing market and how it's doing as well as, tips that will help you prepare to buy a home!
If you’re considering buying or selling a home in 2015 and would like to speak to our Raleigh real estate agent feel free to contact Roark Premier Team! Now is the time to get started with the buying and selling process, as the upcoming spring season is one of the busiest of the year!