Raleigh, NC- Real Estate Update for March 2011

The biggest take away from the latest home sales update in March of 2011 is “stabilization”.  Home sales were down in Raleigh, NC for the first quarter of 2011 vs. 2010.  However, fewer homeowners have decided to put their homes on the market.  While the homes sales this year are down, so is the supply of new listings.  This consolidation stabilizes the Raleigh real estate market because “supply” and “demand” shrink in unison.

Watch this video provides a great explanation of the real estate market conditions in Raleigh, NC for March 2011: