Hi there, neighbors!
Here’s a quick snapshot of the Triangle’s real estate market for the week of June 17th, 2024.
Market Movement:
- New Listings: Up 4.8% compared to last week, indicating a healthy influx of new properties entering the market.
- Back on Market: Inventory returning to the market increased by 6.5%, suggesting potential adjustments or price changes.
- Pending Sales: Holding steady with a slight decrease of 0.2%, indicating continued buyer interest.
- Price Changes: Market activity remains strong with a 9.9% increase in price adjustments, suggesting potential negotiations or strategic pricing.
- Sold Properties: Closed sales rose by 87.5%, a significant jump compared to last week. This could be due to seasonal trends or pent-up demand.
- Expired Listings: Expired inventory decreased by 13.9%, which could be a positive sign for sellers who might be receiving offers closer to asking price.
- Open Houses: There was a slight decrease of 10.9% in open houses compared to last week. This could be due to a shift towards virtual tours or buyers feeling more comfortable with private showings.
What Does This Mean for You?
The Triangle market continues to show signs of both buyer activity and seller opportunities. Whether you’re looking to buy, sell, or invest, staying informed about market trends is crucial.
Brazoban Realty Group is Here to Help!
As your local real estate experts, we can guide you through the Triangle market and help you achieve your real estate goals.
Leave a comment below and let us know your thoughts on the market this week!
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Source: TriangleMSL
