Median Price Change & Competing Offers Median Price It's always great to keep in mind that median prices change a lot, especially when looking at small sample sizes. For example, only 14 homes sold in Morrisville this March. The smaller the town, the less significant the information is. … [Read more...] about Raleigh Housing Market Update: March 2024
Raleigh Housing Market Update: February 2024
Median Price Change & Competing Offers Median Price Keep in mind that median prices have limitations when looking at the market, especially when we're looking at shorter periods of time, like a month. They don't give an apples to apples comparison. Just because the median price is $450,000 … [Read more...] about Raleigh Housing Market Update: February 2024
Zillow vs Redfin: Which Price is Right?
Zillow and Redfin both use algorithms to estimate the value of your home. BUT, their estimates can vary dramatically from each other. Who has the better algorithm? Zillow says my home is worth $61,000 more than Redfin says it’s worth. Which one of them is right? The truth is, sometimes … [Read more...] about Zillow vs Redfin: Which Price is Right?
Raleigh Housing Market Update: January 2024
Median Price Change & Competing Offers Median Price Median prices aren't a great way to understand how the market is changing. They don't give an apples to apples comparison. Just because the median price is $450,000 right now (this is an example, not a real number) doesn't mean that it is … [Read more...] about Raleigh Housing Market Update: January 2024
Raleigh’s Eastern Suburbs Are Way Cheaper! (This is Why)
Have you noticed that home prices in the suburbs on the east side of Raleigh are way cheaper than home prices on the west side of Raleigh? There’s a bunch of reasons why, and today I’m going to show you all of them. Once we understand why the eastern suburbs are cheaper, we’ll take a look at … [Read more...] about Raleigh’s Eastern Suburbs Are Way Cheaper! (This is Why)
The BEST Month to Buy a Home in Raleigh (According to Data)
I’m going to tell you the best month to buy a house, and I have the data to back it up. If you’re thinking about buying a home this year, you might be wondering if there are particular months that are better for purchasing. When are sellers are more negotiable on prices? When are there the most … [Read more...] about The BEST Month to Buy a Home in Raleigh (According to Data)
Raleigh’s 2024 Housing Market: Boom or Bust?
What can we expect from Raleigh's housing market in 2024? Most are predicting a return to some kind of normalcy with lower mortgage rates on the horizon. But to understand what might come next, we need to understand why 2023 was such an odd year for real estate. Historic Changes in … [Read more...] about Raleigh’s 2024 Housing Market: Boom or Bust?
Raleigh Housing Market Update: 2023 Year in Review
2023 was a crazy year for the real estate market. We had the fewest number of listings sold since 2015. And Raleigh has grown by almost half a million people since 2015. People were definitely sitting on the sidelines in 2023, waiting out high interest rates. Here were our 2023 Market … [Read more...] about Raleigh Housing Market Update: 2023 Year in Review
