Raleigh Real Estate Market Reveals Signs of Market Stability
The Raleigh Real Estate Market offered signs of improvement with home prices in the last quarter as the industry demonstrates more signs of stabilizing, according to Clear Capital's latest monthly Home Data Index Market Report.
U.S. quarterly prices drop another 2.3%; but uptick in distressed sale prices, combined with the upcoming summer buying season, could stabilize home prices. “The latest market report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter,” says Alex Villacorta, director of research and analytics at Clear Capital. “We are still far away from the strong demand needed to fully turn things around for the housing market. However, it is clear from the initial spring sales data that prices are softening, suggesting stabilization in the market."
Source: Raleigh Real Estate : 14th Highest Performing Major Housing Market
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