The Raleigh real estate market continues to stay hot.
Though some local investors we’ve spoken with have started to look for investments in other upcoming real estate markets like Greensboro and Rocky Mount, the market is Raleigh continues to set records.
WRAL TechWire has a recent report, Triangle real estate reaches (another) new high with no slowdown in sight, highlighting just how hot the market is. Perhaps the most interesting aspect is the real estate market is seeing no winter slowdown. Below are a couple highlights from the article.
- Across the Triangle, the median sale price for a home was $369,000 in November, up from the median sale price of $365,000 in October, with 4,073 transactions closed in November compared to 4,007 transactions in October, according to the latest reports from Triangle Multiple Listing Service (TMLS).
- The median price of all real estate transactions in Wake County increased in November to a record high, according to an analysis of public records conducted by the Wake County Register of Deeds.
- Year-over-year price appreciation is now 21%, according to November TMLS data, across the Triangle.
With businesses from Apple to CSX moving or expanding in the Triangle it is likely local real estate investors will continue to see favorable market conditions even with the year over year jump being as large as it was.