The Triangle area real estate market continues to keep us on our toes as we move further into December! This week’s stats show a mix of interesting changes, with fluctuations in new listings, price changes, and sold properties. Whether you’re buying, selling, or just staying informed, these numbers provide a quick pulse check on our local market.

Let’s dive into this week’s numbers and what they mean for you.

This Week’s Real Estate Numbers

  • New Listings: 951 → 846 (a decrease of 11%)
    This drop reflects a slowdown in new listings as we head deeper into the holiday season.
  • Back on Market: 131 → 118 (down by 10%)
    Fewer deals are falling through this week, signaling more stable transactions.
  • Pending Sales: 727 → 736 (a slight increase of 1%)
    A small but steady uptick in pending sales shows buyers are still active and making offers.
  • Price Changes: 1122 → 802 (a decrease of 29%)
    Significantly fewer price reductions compared to last week might suggest sellers are pricing more accurately.
  • Sold Properties: 769 → 927 (a rise of 21%)
    A strong increase in closings demonstrates steady buyer demand as we near year-end.
  • Expired Listings: 152 → 167 (an increase of 10%)
    Slightly more listings expired, possibly due to seasonal market conditions.
  • Active Listings: 8203 → 7743 (a decrease of 6%)
    The overall inventory dropped as fewer homes are listed during this time of year.

What Does This Mean for Buyers and Sellers?

For Buyers: With fewer new listings and inventory shrinking by 6%, competition for available homes might increase. However, the steady pending sales and strong sold numbers highlight opportunities if you’re ready to act.

For Sellers: Price changes are down by 29%, suggesting sellers are better aligned with market expectations. If you’re considering listing, now’s a great time to get a strategy in place for early 2025.

Stay Ahead of the Market with Brazoban Realty

The Triangle real estate market remains dynamic as we approach the end of the year. Staying informed with weekly stats like these can help you make confident, timely decisions—whether you’re buying, selling, or investing.

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We are looking forward to reading your comments and questions below! If you have any questions about the Triangle real estate market, contact the team at Brazoban Realty today.

Source: Doorify MLS