How Do Raleigh Home Prices Compare With Other Large Cities?

From the Real Estate Home Page

Ever wonder how home prices, foreclosures and the overall home buying and selling conditions compare here to other areas?

A recent article by Lori Johnston at Bankrate.com compares these values for the Triangle with those of 39 other large cities...and the nation.  

Here are the figures for homes in the Triangle:

Median Home Price - end of 2008:  $230,900
Median Home Price - end of 2007:  $235,600
Percent Change:  -2%

Projected Change through 3rd Quarter 2009:  -0.6%
Home Affordability Rating:  1.1

Home Foreclosures in 2008:  4,444 (1 for every 92 households)
Home Foreclosures in 2007:  3,884 (1 for every 102 households)
Change in Home Foreclosures:  14.4%

Expected to Hit Bottom:  2nd Quarter 2009
Percent Drop Needed to Reach Bottom:  -0.5%

Now...to see how the Triangle compares with the nation, as a whole, and other cities, take a look at the map and click on the areas you'd like to compare.


Kwik Kwote: "Success doesn't come to you - you go to it."
                                                            --Marva Collins

To search for homes in the Cary-Apex-Holly Springs, NC area, take a look at Triangle Estates Realty. Or, email me at Tim@TimHaag.com. Or, for a no pressure chat, call me at 919-389-7135