Welcome back to our weekly roundup of the Triangle’s real estate stats! This week, we’ve got some interesting trends and updates to share with you. Whether you’re a buyer, seller, or just keeping an eye on the market, these insights will help you stay informed.

Weekly Overview

The real estate market in the Triangle area continues to show dynamic changes. Let’s dive into the numbers and see what’s happening this week compared to last.

New Listings

Last Week: 882
This Week: 928
Change: +5.2%

We’ve seen a healthy increase in new listings this week, with a 5.2% rise. More homes are entering the market, giving buyers more options to choose from.

Back on Market

Last Week: 272
This Week: 317
Change: +16.5%

Homes that were previously off the market have reappeared, with a notable 16.5% increase. This could indicate deals falling through or sellers giving their homes another go on the market.

Pending Sales

Last Week: 7068
This Week: 7145
Change: +1.1%

Pending sales have edged up by 1.1%, showing a steady interest and commitment from buyers in the market.

Price Changes

Last Week: 901
This Week: 999
Change: +10.9%

Price adjustments are on the rise, with a 10.9% increase. Sellers are likely adjusting their expectations to align with current market conditions.

Sold Homes

Last Week: 759
This Week: 883
Change: +16.3%

The number of homes sold has significantly increased by 16.3%. This is a strong indicator of a robust market with successful transactions closing.

Expired Listings

Last Week: 85
This Week: 84
Change: -1.2%

Expired listings have decreased slightly by 1.2%. This suggests that more homes are either selling within the listing period or being renewed.

Open Houses

Last Week: 1615
This Week: 1649
Change: +2.1%

Open houses are up by 2.1%, indicating active engagement from both sellers and potential buyers. This is a great opportunity for those looking to explore their options.

Conclusion

This week’s stats reflect a lively and responsive market in the Triangle area. With increases in new listings, sold homes, and price changes, it’s clear that both sellers and buyers are actively participating in the market.

If you’re thinking about buying or selling a home, now is a great time to get involved. At Brazoban Realty Group, we’re here to assist you every step of the way. Feel free to leave a comment below with any questions or insights, and don’t forget to subscribe to our newsletter for the latest updates!

Source: TriangleMSL