Hello neighbors! Let’s dive into the latest happenings in the Triangle’s real estate market for the week of January 15th, 2024.
New Listings
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- Last Week: 637
- This Week: 596
- Change: -6.4%
The week saw a slight dip of 6.4% in new listings compared to the previous week.
Back on Market
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- Last Week: 178
- This Week: 169
- Change: -5.1%
Properties returning to the market decreased by 5.1%, indicating stability in successful transactions.
Pending Sales
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- Last Week: 3956
- This Week: 4238
- Change: +7.1%
There was a notable 7.1% increase in pending sales, showcasing a robust demand for homes in the Triangle.
Price Changes
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- Last Week: 517
- This Week: 571
- Change: +10.4%
A 10.4% rise in price changes suggests a dynamic market response to pricing adjustments.
Sold Properties
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- Last Week: 403
- This Week: 402
- Change: -0.2%
Sold properties experienced a marginal decrease of 0.2%, reflecting a steady market pace.
Expired Listings
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- Last Week: 776
- This Week: 84
- Change: -89.2%
A significant drop of 89.2% in expired listings signals a robust market with fewer unsuccessful listings.
Open House Events
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- Last Week: 1054
- This Week: 1038
- Change: -1.5%
Open house events decreased by 1.5%, possibly indicating a more focused approach to property viewings.
These statistics provide valuable insights into the Triangle’s real estate landscape. As we navigate through the weeks, these trends will continue to shape the local property market. Stay tuned for more updates from the Brazoban Realty Group, your trusted partners in Triangle area real estate.
