November 2015 Home Sales Part Three

buying a home in Raleigh NCAre you considering buying a home in Raleigh NC during the new year? If so, now is a great time! It seems the market isn't doing as well as it was mid-year, but that's due to sales being pushed from November 2015 to December 2015. Below, you'll find more information about the housing market and how it's doing.

Real Estate News | Buying a Home in Raleigh NC

Below, you'll find information about single family homes and more, according to realtor.org!

  • Single-family home sales dropped 12.1 percent to a seasonally adjusted annual rate of 4.15 million in November from 4.72 million in October.
  • They are now 4.6 percent lower than the 4.35 million pace a year ago.
  • The median existing single-family home price was $221,600 in November, up 6.6 percent from November 2014.
  • Existing condominium and co-op sales increased 1.7 percent to a seasonally adjusted annual rate of 610,000 units in November from 600,000 in October, and are now 1.7 percent above November 2014 (600,000 units).
  • The median existing condo price was $211,400 in November, which is 4.7 percent above a year ago.
  • November existing-home sales in the Northeast declined 9.2 percent to an annual rate of 690,000, but are still 1.5 percent above a year ago.
  • The median price in the Northeast was $254,800, which is 3.2 percent above November 2014.

Regional News | Buying a Home in Raleigh NC

The south did well in November 2015 for home sales. Instead of sales declining like most of the U.S. the south actually gained a little! According to realtor.org, here's rest of the regional breakdown.

  • In the Midwest, existing-home sales descended 15.4 percent to an annual rate of 1.10 million in November, and are now 2.7 percent below November 2014.
  • The median price in the Midwest was $169,300, up 5.3 percent from a year ago.
  • Existing-home sales in the South decreased 6.2 percent to an annual rate of 1.98 million in November, and are now 5.7 percent below November 2014.
  • The median price in the South was $189,400, up 6.3 percent from a year ago.
  • Existing-home sales in the West dropped 13.9 percent to an annual rate of 990,000 in November, and are now 4.8 percent lower than a year ago.
  • The median price in the West was $319,700, which is 8.3 percent above November 2014.

Consider Buying a Home in Raleigh NC Now!

With the lower interest rates and increased sales, it's a great time to consider buying a home in Raleigh NC! If you're ready to start your search contact us today!

Also, if you’re considering selling your home, it's time to act now! Contact Roark Premier Team today and get started with the process of listing your home on the market! We guarantee to sell your home in 59 days or less! If we don’t, the listing fee is waived! So what are you waiting for? Call now! Our real estate agent is standing by to help you get your home sold during one of the busiest times of the year for real estate!

 

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