Raleigh’s “Weak and Declining” Real Estate Market

The percent of list price received is an important indicator because it reflects both demand and value. I like to look at both the Original List Price and the Final List Price because the numbers can be telling.

First, it reveals just how important it will be for a seller to price their home right from the beginning because as you can see, houses that are priced too high to begin with but eventually sell will do so at lower prices.

Second, as you can see, the Percent of List Price Received has been steadily increasing throughout the year reflecting healthy demand for homes in Raleigh and Wake County.