January 2022 Luxury Marketing Report _ Raleigh & Durham

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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.

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