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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