How is the housing market in Raleigh?
Housing affordability remains high in Raleigh - making it a potentially good time to buy a property in the area. Purchasing one of the houses for sale in Raleigh-Durham could prove to be a smart financial decision, as these metros continue their economic progress.
According to ALTOS Research, the median price for a single-family home in Raleigh was $250,386 as of July 12, 2012. The median price paid per square foot in one of these homes as of July 12, 2012 was approximately $112.
Not only are prices remaining affordable in the metro, but properties are also remaining on the market for an extended period of time. The average property in Raleigh sold by July 13, 2012 remained available for 177 days before buyers finalized a closing.
Homes in the ZIP code 27609 in Raleigh have an average asking price of $372,277, but only reach an average sale price of $262,110, according to ZIPDataMaps.
Potential homebuyers may enjoy the scenery of this metro area - along with the affordable home prices. Check out the MLS listings today in search of the perfect dream home.