Welcome back, neighbors! In this week’s real estate roundup, we investigate the latest statistics shaping the Triangle’s housing market landscape. Here’s a comprehensive overview of the data for the week ending March 11th, 2024.
New Listings
The number of new listings experienced a slight decline, dropping from 944 last week to 907 this week, marking a decrease of 3.9%.
Back on Market
Properties returning to the market saw a marginal uptick, with 291 listings compared to 289 the previous week, reflecting a modest increase of 0.7%.
Pending Sales
Positive momentum continues in pending sales, with figures rising from 6154 to 6391, showcasing a notable increase of 3.9%.
Price Changes
The number of price changes edged up slightly, climbing from 620 to 630, indicating a 1.6% rise in adjustment activity.
Sold Properties
However, the number of properties sold experienced a dip, decreasing from 842 to 717, representing a notable decline of 14.8%.
Expired Listings
An exceptional drop was observed in expired listings, plummeting from 341 to 96, indicating a significant decrease of 71.8%.
Open House Events
Open house events also experienced a decrease, with 1808 events compared to 1947 last week, reflecting a decline of 7.1%.
These statistics offer valuable insights into the dynamic fluctuations within the Triangle’s real estate market, highlighting trends that both buyers and sellers should consider when navigating their real estate endeavors. Stay tuned for next week’s update with Brazoban Realty as we continue to monitor the evolving landscape of the Triangle’s housing market.
