In this week’s roundup of real estate activity in the Triangle area, we delve into the latest figures reflecting the dynamic nature of the housing market.
New Listings:
- Last Week: 1009
- This Week: 753
- Change: -25.4%
The number of new listings experienced a notable decrease of 25.4% compared to the previous week, indicating a potential shift in market dynamics.
Back on Market:
- Last Week: 338
- This Week: 269
- Change: -20.4%
Similarly, properties returning to the market after being temporarily withdrawn decreased by 20.4%, reflecting a possible stabilization in inventory levels.
Pending Sales:
- Last Week: 6437
- This Week: 6652
- Change: +3.3%
Despite fluctuations in other metrics, pending sales showed a slight increase of 3.3%, suggesting ongoing buyer activity and interest in available properties.
Price Changes:
- Last Week: 727
- This Week: 561
- Change: -22.8%
The number of price changes decreased by 22.8%, indicating potential adjustments in pricing strategies by sellers to align with market conditions.
Sold Listings:
- Last Week: 967
- This Week: 858
- Change: -11.3%
The volume of sold listings experienced a modest decline of 11.3%, reflecting variations in buyer demand and transaction activity.
Expired Listings:
- Last Week: 117
- This Week: 78
- Change: -33.3%
Properties expiring from the market decreased significantly by 33.3%, suggesting improved market conditions or successful repositioning strategies by sellers.
Open House Events:
- Last Week: 2154
- This Week: 1099
- Change: -49.0%
The number of open house events saw a substantial decrease of 49.0%, potentially influenced by seasonal factors or shifts in marketing tactics.
These statistics offer valuable insights into the current state of the Triangle’s real estate market, highlighting trends and fluctuations that impact both buyers and sellers.
Stay tuned for next week’s update with Brazoban Realty as we continue to monitor and analyze the evolving landscape of real estate in the Triangle area.
Source: Triangle Multiple Listing Service (TMLS)
