The Housing Market in Raleigh
As the news continues to be grim about the state of our economy, gas prices and the housing market, residents and citizens of the Triangle area, North Carolina have the fortune of being in an area with a good housing market. Because of the continuing growth in this region of the state, Raleigh and Durham real estate is doing well and succeeding where other markets in the country are not. As a premiere Raleigh real estate agency Buyers Advantage Group Realty has been part of this stable Triangle real estate economy and is here to help provide you with the information, education and assistance you need. You are our most important asset.
Triangle Real Estate – A Great Place for a Home
Raleigh and Durham are great places to live and offer lots of opportunity for professionals, families and people just getting a start on life. With a thriving community and a centralized workforce in Research Triangle Park it’s easy to understand how this real estate market has been able to sustain growth in these trying times. Want proof? Here are some statistics that show activity for last year’s market.
| Sub Type | Active Listings | Avg LP | Pending Sales | Avg List Price Under Contract |
Closed Sales | Avg Sold Price | %SP/LP | Avg Days on Market |
| Detached Single Family | 37607 | $306,659 | 22192 | $274,294 | 22964 | $266,802 | 97.92% | 75 |
| Site Built Single Family | 6946 | $251,527 | 3530 | $231,420 | 3682 | $226,692 | 97.99% | 102 |
| Single Family | 4675 | $183,338 | 2936 | $174,752 | 3088 | $173,211 | 98.53% | 72 |
| Single Family | 2487 | $201,854 | 1678 | $186,665 | 1777 | $186,086 | 98.50% | 65 |
Buying a home is not a simple task. But being a market like this and having Buyers Advantage Group Realty as your advocate every step of the way, the experience will not be so difficult.
Raleigh Real Estate – One of the Best Places to Buy and Live
Time and time again, the Triangle has been listed as one of the best places for housing, career, and living in the United States. For the second year in a row, Raleigh is topping Forbes list for 2008 Best Places for Business and Career. Not an easy task mind you in our current economic situation. Nevertheless in areas like Raleigh and Durham where job growth is strong, there are not a lot of foreclosures and there is slow steady growth in many areas, you will have a better chance of finding a good home. This has been and will continue to be the case for Triangle real estate. And Buyers Advantage Group Realty will be here, ready to help you through the buying process. That’s who we are: the buyer’s choice to be the buyer’s voice. Give us a call to find out how we can help you today. 919-573-6150
