Raleigh named "Top Real Estate Market to Watch in 2012"!

With homes in Raleigh AND Cary, North Carolina, Dan Ryan Builders is no stranger to this wonderful area. So we were thrilled to find out that Raleigh-Cary region was named the "Top Real Estate Market to Watch in 2012"

Every year, InmanNews makes a list on the top ten real estate markets to watch. They base the list on "several key metrics, including above-average price appreciation, a flourishing job market, a high rate of sales in proportion to population, a high level of home affordability, low foreclosure activity, a below-average share of distressed sales, a low vacancy rate, and other characteristics indicating a healthy housing market."

This year, the Raleigh-Cary area was number one as the area with the most real estate potential.  On their website, InmanNews states:

"Despite a steep drop in sales, the Raleigh-Cary market saw considerable price appreciation last year, with its median sales price for single-family homes jumping 7.3 percent from third-quarter 2010 to third-quarter 2011.

Dan Ryan Builders townhomes in Raleigh, NC

Springhill community near Raleigh, NC

At $224,300, the Raleigh-Cary metro had the highest median sales price among the 10 markets on this list and was the only market with a median sales price above the U.S. median. Nonetheless, its affordability rate stayed above the national level, with 73.6 percent of its homes affordable to households earning the area's median income, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index."

So what does all of this mean? It means that the Raleigh-Cary area is one of (if not THE best) place to buy a home in the country. So, if you are looking to relocate to the Raleigh-Cary area soon, give us a call to make your dream of home ownership a reality!

To read the full article, click [here]

For more information on our communities in the Raleigh area, click [here]