Raleigh housing market entices homebuyers

Homeownership is the classic American dream. For those residents in Raleigh considering purchasing a property, now may be the opportune time to do so. Check out the MLS listings in Raleigh-Durham to find an affordable home in an expanding southern metro.

According to ALTOS Research, the median price paid for a single-family home in Raleigh was $246,930 as of August 24, 2012. This is down from the approximately $250,000 reported on July 1, 2012. The slight decrease in home prices could allow potential property buyers the opportunity to get a house in a neighborhood they previously thought was out of their price range.

Broken down by square foot, the median price was $111 as of August 24, 2012. In addition, the source claims that the average property in Raleigh sold by that same date was on the market for about 170 days before a homebuyer finished the home closing process.

As the economy slowly rebounds from the recession, potential property buyers may want to consider exploring the MLS listings in Raleigh for the right home.