Hello neighbors!
Welcome back to our weekly market update.
The real estate landscape in the Triangle continues to evolve. Here’s a glance at the statistics for this week compared to the previous one.
New Listings:
The number of new listings saw a decline by 35.3% from 541 to 350.
Back on Market:
Properties returning to the market reduced by 27.4%, dropping from 168 to 122.
Pending Transactions:
A slight decrease of 4.0% in pending transactions, from 3987 to 3827.
Price Changes:
The number of price changes experienced a significant drop of 41.3%, from 603 to 354.
Homes Sold:
There was a positive trend in homes sold, increasing by 7.9% from 557 to 601.
Expired Listings:
A substantial decline of 84.5% was noted in expired listings, down from 3136 to 487.
Open Houses:
A decrease of 25.8% in open house events, from 1351 to 1003.
Analysis:
The market has witnessed varied shifts across different categories this week. While new listings and price changes experienced declines, we observed a notable increase in homes sold. Moreover, expired listings saw a considerable drop, indicating a potentially competitive market for available properties.
These figures provide insights into the market’s fluidity and may impact your real estate decisions. Stay informed and make informed choices as you navigate the current market dynamics.
For more in-depth analysis and personalized advice tailored to your real estate needs, don’t hesitate to reach out. We’re here to help you make confident decisions in today’s ever-changing market.
Happy holidays from the Brazoban Realty Group!
