Hello neighbors! Here’s a snapshot of the latest real estate activity in the Triangle area for the week of March 4th, 2024.
New Listings
The number of new listings surged by 22.9% compared to last week, reaching a total of 944 properties hitting the market.
Back on Market
Properties returning to the market increased by 18.9%, with 289 listings back on the market this week.
Pending Sales
Despite a slight decrease of 0.2%, there were still 6154 pending sales, indicating continued strong demand in the market.
Price Changes
There was a 3.1% decrease in price changes, with 620 properties adjusting their prices this week.
Sold Listings
Sold listings saw a notable increase of 11.1%, with 842 properties successfully closing during the week.
Expired Listings
The number of expired listings experienced a significant spike, rising by 296.5% to reach 341 properties.
Open House Events
Open house events surged by 38.3%, indicating active engagement from both buyers and sellers in the market.
These statistics provide valuable insights into the current state of the Triangle real estate market, showcasing trends in new listings, sales, and overall market activity. For more detailed analysis or assistance with your real estate needs, don’t hesitate to reach out to us at Brazoban Realty Group. We would love to hear your thoughts below.
