Hey there Triangle residents! Interested in staying on top of the local real estate market? Look no further! This week’s update brings you the latest statistics as of June 10th, 2024.
New Listings on the Rise
The Triangle housing market continues to see an influx of new properties. This week, we saw a positive change of 11.1% in new listings compared to last week. This indicates a continued flow of inventory entering the market.
Back on the Market
There’s also a slight decrease of 7.0% in properties returning to the market this week. This suggests that buyers are finding success in securing their dream homes, leading to fewer relistings.
Pending Sales Holding Steady
The number of pending sales shows a minimal change of -0.7% compared to last week. This indicates a consistent buyer interest in the market.
Price Changes Remain Stable
Average listing prices across the Triangle haven’t seen significant fluctuations. This week, we observed a change of just 7.0% in price adjustments.
Sold Homes
The number of homes sold this week reflects a decrease of 10.9% compared to the previous week. While there might be seasonal variations impacting sales figures, overall buyer activity remains healthy.
Expired Listings Down Significantly
The number of expired listings has seen a dramatic decrease of 46.2% this week. This suggests that sellers are effectively adjusting their pricing strategies to meet market demands.
Open Houses Gaining Traction
Open houses continue to be a popular way for buyers to explore potential properties. This week, we saw a significant increase of 63.5% in open houses compared to last week.
Thinking of Buying or Selling in the Triangle?
The Brazoban Realty Group is here to help! We have extensive experience in the local market and can assist you in navigating the buying or selling process. Whether you’re a first-time homebuyer or a seasoned investor, we’ll guide you every step of the way.
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Source: Triangle Real Estate Market Data (https://triangle.paragonrels.com/ParagonLS/Default.mvc/Login)
