August 2019 Luxury Homes Report

RA L E I G HD U R HA M NORTH CAROLINA –August 2019–

www.LuxuryHomeMarketing.com

RALEIGH-DURHAM

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | JULY 2019 Inventory

Sales 1

$539,000

1,079 279 Seller's Market 2

: 26%

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$550,000

3

2

3

11

27%

2,000 - 2,999

$617,500

4

3

26

86

30%

3,000 - 3,999

$625,000

4

4

108

426

25%

4,000 - 4,999

$720,000

5

5

99

326

30%

5,000 - 5,999

$900,000

5

6

28

119

24%

6,000+

$1,125,000

5

7

15

111

14%

2 ®

RALEIGH-DURHAM

SINGLE - FAMILY HOMES

13 - MONTH LUXURY MARKET TREND 4 Median Sales Price

Jul-18

Aug-18

Sep-18

Oct-18

Nov-18

Dec-18

Inventory

Jan-19

Feb-19

Solds

Mar-19

Apr-19

May-19

Jun-19

Jul-19

MEDIAN DATA INVENTORY June

July

1,130

1,079 VARIANCE: -5 %

SALE PRICE PER SQFT. June

July

174

$

176 VARIANCE: 1 % $

SOLDS June

SALES PRICE July

294

279 VARIANCE: -5 %

SALE TO LIST PRICE RATIO June

July

99.31%

99.12% VARIANCE: 0 %

June

653k

$

July

690k VARIANCE: 6 % $

DAYS ON MARKET June

July

4

4 VARIANCE: 0 %

RALEIGH-DURHAM MARKET SUMMARY | JULY 2019 • The Raleigh-Durham single-family luxury market is a Seller's Market with a 26% Sales Ratio.

• Homes sold for a median of 99.12% of list price in July 2019.

• The most active price band is $600,000-$624,999, where the sales ratio is 37%.

• The median luxury sales price for single-family homes has increased to $690,000.

• The median days on market for July 2019 was 4 days, remaining the same from June 2019.

3