May 2021| Raleigh-Durham North Carolina Luxury Home Report

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MAY

Home of the CLHMS

TM

2021

RALEIGH-DURHAM NORTH C A ROL I N A www.LuxuryHomeMarketing.com


RALEIGH-DURHAM

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | APRIL 2021 Inventory

Sales

Luxury Benchmark Price 1: $539,000 $2,500,000+ $2,000,000 - $2,499,999 $1,750,000 - $1,999,999

$1,500,000 - $1,749,999

14

1

12

1

15

6 6

Total Inventory: 300 Total Sales: 465 Seller's Market

8

$1,250,000 - $1,499,999

Total Sales Ratio2: 155%

21

12

$1,000,000 - $1,249,999

38

21

28

$900,000 - $999,999

34

$800,000 - $899,999 21

$750,000 - $799,999

53

28 26

$700,000 - $749,999

40

28

$650,000 - $699,999 $625,000 - $649,999

10

$600,000 - $624,999

10

58

38 40 20

$575,000 - $599,999

40

15

$539,000 - $574,999

1

40

81

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$596,000

3

2

15

12

125%

2,000 - 2,999

$592,186

4

3

72

56

129%

3,000 - 3,999

$635,500

4

4

220

102

216%

4,000 - 4,999

$824,438

5

5

101

60

168%

5,000 - 5,999

$860,000

5

5

31

29

107%

6,000+

$1,195,000

5

6

26

41

63%

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

$652,568

$654,092

945

980

260

Apr-20

$655,000

$654,000

909

844

234

May-20

800

371

324

Jun-20

$675,000

Jul-20

$645,000

740 395

Aug-20

Inventory

$665,435

690 365

Sep-20

$658,500

574 364

Oct-20

344

Solds

$675,000

456

Nov-20

353

Dec-20

$700,000

370

351

266

Jan-21

265

$675,000

$669,691

$654,900

284

Feb-21

363

300

Mar-21

465

Apr-21

MEDIAN DATA REVIEW | APRIL TOTAL INVENTORY Apr. 2020

Apr. 2021

945

300 VARIANCE: -68 % SALE PRICE PER SQFT. Apr. 2020

Apr. 2021

195 VARIANCE: 10 %

$

178

$

TOTAL SOLDS Apr. 2020

Apr. 2021

260

465 VARIANCE: 79 %

SALE TO LIST PRICE RATIO Apr. 2020

Apr. 2021

100.00% 100.84% VARIANCE: 1 %

SALES PRICE Apr. 2020

$

653k

Apr. 2021

675k VARIANCE: 3 % $

DAYS ON MARKET Apr. 2020

Apr. 2021

2

2 VARIANCE: 0 %

RALEIGH-DURHAM MARKET SUMMARY | APRIL 2021 • The Raleigh-Durham single-family luxury market is a Seller's Market with a 155% Sales Ratio. • Homes sold for a median of 100.84% of list price in April 2021. • The most active price band is $539,000-$574,999, where the sales ratio is 540%. • The median luxury sales price for single-family homes is $675,000. • The median days on market for April 2021 was 2 days, remaining the same from April 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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