In September, home prices remained unchanged from the month before, with a median listing price of $475,000.
The number of listings on the market grew 3.2% from last month, which is a smaller increase than normal for this time of the year in Raleigh, and homes are also selling slower than at the same time last year.
Home prices in Raleigh
Typically, home price per square foot in Raleigh tend to fall in September. And the most recent data shows that the price per square foot decreased by 0.4% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the City of Oaks are smaller the national market.
Raleigh inventory
In September, there were 1,908 homes for sale in Raleigh, which was 3.2% more than the month before and 36.8% more than the same time last year…