SEPTEMBER 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 | AUGUST 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 $1,850,000 - $2,099,999
11
1
8
0
0 2 2
$1,600,000 - $1,849,999 $1,500,000 - $1,599,999 $1,400,000 - $1,499,999
Total Inventory: 216
7
Total Sales: 188
7
Seller's Market
7
Total Sales Ratio2: 87% 11
7
8
3
11
4
$1,300,000 - $1,399,999 $1,200,000 - $1,299,999
15
10 9
10
$1,100,000 - $1,199,999
21
12 19 18
$1,000,000 - $1,099,999
21
$900,000 - $999,999
31 39
$800,000 - $899,999 21
$760,000 - $799,999
1
65
24
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$937,000
3
2
5
7
71%
2,000 - 2,999
$825,000
4
3
19
20
95%
3,000 - 3,999
$850,000
4
4
53
56
95%
4,000 - 4,999
$916,574
5
5
65
61
107%
5,000 - 5,999
$1,040,000
5
5
31
27
115%
6,000+
$1,500,000
5
6
15
45
33%
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
$883,500
$895,975
$905,212
379
365
349
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
$943,250
175 86
Feb-21
118
Solds
$911,000
$975,000
188 162
174 170
Apr-21
May-21
Mar-21
$935,000
$926,500
$920,000
235
203 211
216
180
Jun-21
Jul-21
188
Aug-21
MEDIAN DATA REVIEW | AUGUST TOTAL INVENTORY Aug. 2020
Aug. 2021
379
216 VARIANCE: -43 % SALE PRICE PER SQFT. Aug. 2020
$
Aug. 2021
210
229 VARIANCE: 9 % $
TOTAL SOLDS Aug. 2020
Aug. 2021
134
188 VARIANCE: 40 %
SALE TO LIST PRICE RATIO Aug. 2020
Aug. 2021
98.91% 100.02% VARIANCE: 1 %
SALES PRICE Aug. 2020
$
884k
Aug. 2021
920k VARIANCE: 4 % $
DAYS ON MARKET Aug. 2020
Aug. 2021
9
2 VARIANCE: -78 %
RALEIGH-DURHAM MARKET SUMMARY | AUGUST 2021 • The Raleigh-Durham single-family luxury market is a Seller's Market with a 87% Sales Ratio. • Homes sold for a median of 100.02% of list price in August 2021. • The most active price band is $800,000-$899,999, where the sales ratio is 167%. • The median luxury sales price for single-family homes is $920,000. • The median days on market for August 2021 was 2 days, down from 9 in August 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