JANUARY Home of the CLHMS
TM
2022
RALEIGH-DURHAM NORTH C A ROL I N A www.LuxuryHomeMarketing.com
RALEIGH-DURHAM
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | DECEMBER 2021 Inventory
Sales
Luxury Benchmark Price 1: $760,000 $3,000,000+ $2,600,000 - $2,999,999 $2,350,000 - $2,599,999
8
0
$1,200,000 - $1,299,999
Seller's Market
1
13
4
6
1
6
5
8 8
5
17
12 12
$1,100,000 - $1,199,999
13
$1,000,000 - $1,099,999
23 15
$900,000 - $999,999
41
9
$800,000 - $899,999
60
10
$760,000 - $799,999
1
Total Sales Ratio2: 155%
12
$1,400,000 - $1,499,999
$1,300,000 - $1,399,999
Total Sales: 206
5
2
$1,600,000 - $1,849,999 $1,500,000 - $1,599,999
Total Inventory: 133 6
1
$2,100,000 - $2,349,999
$1,850,000 - $2,099,999
5
1
30
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$875,000
3
2
4
6
67%
2,000 - 2,999
$899,900
3
3
17
10
170%
3,000 - 3,999
$850,000
4
4
83
39
213%
4,000 - 4,999
$980,000
5
5
65
32
203%
5,000 - 5,999
$999,665
5
5
24
16
150%
6,000+
$1,425,000
5
7
13
30
43%
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
$923,000
246 121
Dec-20
$890,000
$900,000
220
216 104
Feb-21
$911,000
188
175 86
Jan-21
$943,250
118
Mar-21
$975,000
Inventory
$935,000
235
162
Apr-21
174 170
May-21
180
Jun-21
Solds
$926,500
$920,000
203 211
216
Jul-21
188
Aug-21
$999,249
$950,000
212
198 146
Sep-21
180
$930,000
$917,500
206
169 180
Oct-21
133
Nov-21
Dec-21
MEDIAN DATA REVIEW | DECEMBER TOTAL INVENTORY Dec. 2020
Dec. 2021
246
TOTAL SOLDS Dec. 2020
Dec. 2021
133 VARIANCE: -46 %
206 VARIANCE: 70 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Dec. 2020
$
Dec. 2021
218
236 VARIANCE: 8 % $
121
Dec. 2020
Dec. 2021
99.75% 100.00% VARIANCE: 0 %
SALES PRICE Dec. 2020
923k
$
Dec. 2021
917k VARIANCE: -1 % $
DAYS ON MARKET Dec. 2020
Dec. 2021
2
2 VARIANCE: 0 %
RALEIGH-DURHAM MARKET SUMMARY | DECEMBER 2021 • The Raleigh-Durham single-family luxury market is a Seller's Market with a 155% Sales Ratio. • Homes sold for a median of 100.00% of list price in December 2021. • The most active price band is $800,000-$899,999, where the sales ratio is 667%. • The median luxury sales price for single-family homes is $917,500. • The median days on market for December 2021 was 2 days, remaining the same from December 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