AUGUST Home of the CLHMS
TM
2021
RALEIGH-DURHAM NO RTH CA R O L I N A www.LuxuryHomeMarketing.com
RALEIGH-DURHAM
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JULY 2021 Inventory
Sales
Luxury Benchmark Price 1: $760,000 $3,000,000+ $2,600,000 - $2,999,999 $2,350,000 - $2,599,999
$2,100,000 - $2,349,999
12
0
7
1 6
1
$1,500,000 - $1,599,999
$1,200,000 - $1,299,999
Seller's Market
8
Total Sales Ratio2: 104%
11
6 9
5
7
5
$1,400,000 - $1,499,999
$1,300,000 - $1,399,999
Total Sales: 211
3
$1,850,000 - $2,099,999 $1,600,000 - $1,849,999
Total Inventory: 203
8 6
10
11 8
$1,100,000 - $1,199,999
14
19
13
$1,000,000 - $1,099,999
23
17 17
$900,000 - $999,999
42 35
$800,000 - $899,999 $760,000 - $799,999
1
21
64
25
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$801,000
3
2
1
7
14%
2,000 - 2,999
$830,000
3
3
14
18
78%
3,000 - 3,999
$852,374
4
4
70
61
115%
4,000 - 4,999
$926,831
5
5
73
44
166%
5,000 - 5,999
$1,225,000
5
6
31
27
115%
6,000+
$1,250,000
5
6
22
46
48%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
RALEIGH-DURHAM
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$882,475
$883,500
$895,975
$905,212
390
379
365
349
97
Jul-20
134
Aug-20
300
111
100
Sep-20
$920,000
Oct-20
$923,000
246 99
Nov-20
121
Dec-20
Inventory
$890,000
$900,000
220
216 104
Jan-21
Solds
$943,250
175 86
Feb-21
118
Mar-21
$975,000
$911,000
188 162
174 170
Apr-21
May-21
$935,000
$926,500
235
203 211
180
Jun-21
Jul-21
MEDIAN DATA REVIEW | JULY TOTAL INVENTORY Jul. 2020
Jul. 2021
390
TOTAL SOLDS Jul. 2020
Jul. 2021
203 VARIANCE: -48 %
211 VARIANCE: 118 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Jul. 2020
$
Jul. 2021
213
230 VARIANCE: 8 % $
97
Jul. 2020
Jul. 2021
98.75% 101.58% VARIANCE: 3 %
SALES PRICE Jul. 2020
882k
$
Jul. 2021
927k VARIANCE: 5 % $
DAYS ON MARKET Jul. 2020
Jul. 2021
3
2 VARIANCE: -33 %
RALEIGH-DURHAM MARKET SUMMARY | JULY 2021 • The Raleigh-Durham single-family luxury market is a Seller's Market with a 104% Sales Ratio. • Homes sold for a median of 101.58% of list price in July 2021. • The most active price band is $900,000-$999,999, where the sales ratio is 247%. • The median luxury sales price for single-family homes is $926,500. • The median days on market for July 2021 was 2 days, down from 3 in July 2020. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3