NORTHWEST RALEIGH AREA HOUSING MARKET DATA

There was an increase in total units sold in April, with 94 sold this month in Northwest Raleigh Area Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 81 units or 89%. The total number of active inventory this April was 172 compared to 91 in April 2024. This month's total of 172 is higher than the previous month's total supply of available inventory of 138, an increase of 25%.

Last April, the median sale price for Northwest Raleigh Area Homes was $425,000. This April, the median sale price was $522,500, an increase of 23% or $97,500 compared to last year. The current median sold price is 9% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 1.8 months of supply available in Northwest Raleigh Area, compared to 1.3 in April 2024. That is an increase of 39% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 100 homes newly listed for sale in Northwest Raleigh Area compared to 99 in April 2024, an increase of 1%. There were 57 current contracts pending sale this April compared to 73 a year ago. The number of current contracts is 22% lower than last April.

In April, the average sale price in Northwest Raleigh Area was 99.9% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 29, higher than the average last year, which was 16, an increase of 81%.





FOCUS ON: NORTHWEST RALEIGH AREA HOUSING MARKET			APRIL 2025

Zip Code(s): 27612, 27613 and 27617
Units Sold 94	Active Inventory 172	Median Sale Price $522,500	Days On Market 29

Up Vs. Year Ago	Up 89% Vs. Year Ago	Up 23% Vs. Year Ago	Up 81% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 94 sold this month in Northwest Raleigh Area Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 81 units or 89%. The total number of active inventory this April was 172 compared to 91 in April 2024. This month's total of 172 is higher than the previous month's total supply of available inventory of 138, an increase of 25%.
		Median Sale Price Last April, the median sale price for Northwest Raleigh Area Homes was $425,000. This April, the median sale price was $522,500, an increase of 23% or $97,500 compared to last year. The current median sold price is 9% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 100	Current Contracts 57	Sold Vs. List Price 99.9%	Months of Supply 1.8

Up 1% Vs. Year Ago	Down -22% Vs. Year Ago	Down -1% Vs. Year Ago	Up 39% Vs. Year Ago


		Months of Supply In April, there was 1.8 months of supply available in Northwest Raleigh Area, compared to 1.3 in April 2024. That is an increase of 39% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 100 homes newly listed for sale in Northwest Raleigh Area compared to 99 in April 2024, an increase of 1%. There were 57 current contracts pending sale this April compared to 73 a year ago. The number of current contracts is 22% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Northwest Raleigh Area was 99.9% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 29, higher than the average last year, which was 16, an increase of 81%.


	Northwest Raleigh Area are defined as properties listed in zip code/s 27612, 27613 and 27617.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.