How is the Raleigh Durham Real Estate Market Doing?
Each month, Stacey Anfindson, the statistical wizard who crunches the numbers and gives the members of the Raleigh Regional Association of Realtors data so we can keep up with market conditions (http://www.tarreport.com/) recently issued his monthly report and here is what Stacey has to say – Since the 2000 census, Wake County has had an increase of 17% in median family income; Residential land (average price per acre) has increased 57% since 3Q05; New construction - average closed price in Wake is in line with median house price affordability; In Wake, the average closed price of re-sales is 30% below median house price affordability indicating potential for price appreciation for current re-sale owners; Prices in Garner and Holly Springs are lower than median incomes can afford which indicates a potential for appreciation for current buyers and sellers. Many people talk about “the bubble.” As I have said before *we are not participating” in the Raleigh-Durham (Wake and Durham Counties) area. Our employment base is built on Government-Education-Technology-Medical Research — all solid industries. To find our more about the Raleigh Real Estate Market, please go to my website or give me a call. I have a whole lot more information to share about our area.
