The Triangle real estate market continues to evolve, with both opportunities and challenges for buyers and sellers. This week’s update provides a snapshot of the market’s performance, including new listings, pending sales, price changes, and more.
Key Market Trends
- New Listings: The number of new listings decreased by 8.2% compared to the previous week, indicating a tightening market.
- Pending Sales: Pending sales declined by 3.9%, suggesting a potential slowdown in buyer activity.
- Price Changes: Prices decreased by 8.1%, indicating a slight shift in favor of buyers.
- Sold Properties: The number of sold properties increased by 17.6%, demonstrating continued demand in the market.
- Expired Listings: Expired listings decreased by 13.0%, suggesting that properties are selling more quickly.
- Active Listings: The number of active listings increased by 1.6%, indicating a slight increase in inventory.
Analysis
The Triangle real estate market is showing signs of cooling down, with a decrease in new listings, pending sales, and price changes. However, the increase in sold properties and the decline in expired listings suggest that there is still strong demand for homes in the area.
Buyers may have more negotiating power in this market, as prices are starting to stabilize. However, it’s important to act quickly, as inventory levels remain relatively low.
Ready to buy or sell a home in the Triangle area? Brazoban Realty can help you navigate the market and find the perfect property. Contact us today to schedule a consultation with one of our experienced agents.
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