Raleigh Residential Real Estate – Is there a Real Estate Bubble in Raleigh North Carolina About to Burst?

Is There A Raleigh, NC Real Estate Bubble Ready to Burst? 

Inman News is reporting today that the so called “Real Estate Bubble” is more likely not to bust, but to slowly deflate.

Reporting on a study that was just released today by Harvard University’s Joint Center for Housing Glen Roberts of Inman News reported that housing prices are surging faster than household income and inflation and housing inventories have grown with a slowing of sales.

In my opinion, the Raleigh, North Carolina Real Estate Market is not in jeopardy of a burst in the near future. According to the Triangle Multiple Listing Service (TMLS) Statistics for April 2006, homes sales in the Triangle area as a whole were up 3.8% over April 2005. 

The average home sale price in the Triangle Area as a whole was up 8.3% over the same period as last year. In addition, the total number of Triangle area homes for sale was only up a very small amount over April of last year. Wake County, NC actually has 4.6% fewer homes on the market in April 2006 vs. April 2005 indicating a continued seller’s market. The number of home sales continues to be strong and home prices continue to rise in most areas the Triangle.

For more information on the current Raleigh Real Estate Market, look for my Raleigh Real Estate Market Update in the next few days.

You can find the latest Real Estate News headlines from Inman News and RIS Media on the Poling Team Website at: Today’s Real Estate News