Looking at the first quarter of 2012 in the Raleigh area
Showings up 11%
Pending sales up 22%
Closings Up 20%
Average Sales price down 2%
Average days on Market 132 days
Over the past 6 to 12 months the Supply of homes for sale is slowly decreasing with increased closings.
For the past few years, it was a BUYERS market. Now in some of our local areas we are seeing a SELLERS market with prices increasing and multiple bids on properties and selling with in a week of being placed on the market.