Greetings, real estate enthusiasts! It’s that time of the week again where we dive into the latest statistics shaping the Triangle’s real estate landscape. Let’s take a closer look at the numbers for the week of April 29th, 2024.
New Listings:
Last Week: 950 This Week: 921 Changes: -3.1%
Despite a slight dip of 3.1%, new listings remain robust, showcasing ongoing activity in the market.
Back on Market:
Last Week: 276 This Week: 285 Changes: 3.3%
We’ve witnessed a modest increase of 3.3% in properties returning to the market, indicating resilience in buyer-seller negotiations.
Pending Sales:
Last Week: 6,907 This Week: 6,809 Changes: -1.4%
While pending sales experienced a slight decrease of 1.4%, the market continues to show stability amidst shifting dynamics.
Price Changes:
Last Week: 749 This Week: 763 Changes: 1.9%
Price adjustments saw a moderate increase of 1.9%, reflecting the adaptability of sellers to market conditions.
Sold Properties:
Last Week: 790 This Week: 972 Changes: 23.0%
Sold properties surged impressively by 23.0%, signaling heightened buyer activity and a robust market performance.
Expired Listings:
Last Week: 78 This Week: 171 Changes: 119.2%
Expired listings witnessed a significant increase of 119.2%, underscoring the importance of strategic pricing and marketing strategies.
Open House Events:
Last Week: 1,819 This Week: 1,543 Changes: -15.2%
Open house events experienced a moderate decline of 15.2%, aligning with shifting preferences in property viewings.
As we analyze these statistics, it’s evident that the Triangle’s real estate market remains dynamic and resilient. Whether you’re buying, selling, or investing, staying informed is key to making well-informed decisions.
For personalized insights and expert guidance tailored to your real estate goals, reach out to the Brazoban Realty team today. Let us help you navigate the ever-evolving landscape of the Triangle’s real estate market.
Stay tuned for next week’s update as we continue to monitor and analyze the latest trends shaping our local real estate scene. Please leave your comments below and don’t forget to sign up for our newsletter chocked full of information on a weekly basis right to your email!
Source: TriangleMSL
