This week in the Triangle real estate market, we’ve seen some fascinating shifts across various indicators. Whether you’re a buyer, seller, or investor, these numbers offer valuable insight into current market trends.
New Listings Surge by 41.1%
The Triangle saw a significant increase in new listings this week, with 1,187 homes hitting the market compared to last week’s 841. This surge brings fresh opportunities for buyers eager to explore new options in a competitive market.
Back on Market Listings Drop by 42.0%
Fewer homes re-entered the market this week, with back-on-market listings declining from 131 to 76. This suggests a growing commitment from buyers and sellers in closing their transactions successfully.
Pending Sales Climb by 25.3%
Pending sales experienced a healthy boost, climbing from 651 to 816. This increase signals strong buyer interest and a growing pace of contracts being finalized.
Price Changes Show Modest Growth at 7.6%
Price adjustments remain steady, with 1,063 homes seeing changes this week compared to 988 last week. This reflects a dynamic market where sellers continue to adapt to buyer expectations.
Sold Properties See a Slight Decline
The number of sold properties dipped slightly, falling from 643 last week to 618 this week—a 3.9% decrease. While modest, this change may reflect the lingering effects of the holiday season.
Expired Listings Plummet by 91.9%
A dramatic drop in expired listings occurred, plunging from 1,385 last week to just 112 this week. This steep decline signals improved market activity, with fewer contracts failing to close.
Active Listings See a Small Decrease
Active listings slightly decreased by 3.5%, with 7,005 homes available this week compared to 7,258 last week. This indicates continued buyer demand, keeping inventory in check.
Conclusion
This week’s data highlights a dynamic Triangle real estate market that remains competitive across the board. With new listings surging and pending sales climbing, opportunities abound for buyers, sellers, and investors alike.
To stay ahead in this ever-changing market, connect with Brazoban Realty Group. Our team of experts is here to guide you through your next real estate move.
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