Good news for buyers and sellers in the Raleigh NC area – your investment is considered one of the strongest and soundest in the nation!
Builder and Hanley Wood Market Intelligence have just released their top 15 strongest housing markets in the nation – and Raleigh, NC was ranked an impressive #6, out of all major markets in the country! What helps Raleigh make the grade?
- Raleigh NC is a state capital with multiple major universities
- Through the third quarter of 2008, Raleigh was still adding jobs at an impressive rate of 1.9 percent.
- Population is over 1 million, AND population is growing at one of the highest rates of any top metro market over the past five years.
- Median home price of $221,900 is well below other major cities in the mid-Atlantic and Northeast.
What else helped these top markets make the list?
A lack of the huge run-up in prices that later led to rampant deflation elsewhere. Raleigh has seen slow, steady growth – including a 4% appreciation rate in 2008 when many areas were depreciating. Good news for sellers, and also good news for buyers worried about future values.
It’s not just Raleigh either – North Carolina as a whole remains one of the best places to live in the country.
Charlotte and Wilmington also made the list – that’s 3 out of 15 for North Carolina. Texas is hot too – with four of the top choices. And Seattle WA also remains one of the strongest US markets.
Recent Raleigh/Triangle statistics reflect what the researchers saw – sales are increasing, and inventory has dropped significantly over the last year.
Interested in the statistics for your particular area or neighborhood? Contact The Freeman/Davis Home Team at FreemanR@hpw.com or call 919-649-6638. Visit our websites at www.FreemanDavisHomeTeam.com and www.HomeSearchRALEIGH.com for the latest market news as well as full listings for Raleigh area real estate and homes for sale in the MLS.
