I look at whether the latest pricing and pace give you room to move with confidence.
If you are trying to decide whether West Raleigh, NC is worth a closer look right now, the answer is yes, but only if you are watching price and pace together. Last month, a typical sale was $435,000 and a typical listing stayed active for 35 days, so I would treat this as a market where timing still matters.
Last month, a typical sale was $435,000 and a typical listing stayed active for 35 days. That combination tells me West Raleigh, NC is not a place to rush blindly, but it also is not a market where I would expect endless hesitation to work in your favor.
For a buyer, that means I would pay close attention to the homes that are priced well and move quickly, especially when new pending activity is showing more action at $465,000 and 30 properties. For a seller, it tells me I would not ignore the difference between what is active and what is getting absorbed.
I would narrow my search first, then compare each home against the active list price of $327,000 and the 78 active properties. I would also watch the 3.39 months of supply so I can decide whether to move fast or stay disciplined.
