Hello, Triangle residents! It’s time to unveil the latest changes in our local real estate landscape. Let’s explore the significant shifts that unfolded over the past week.
Key Metrics: Last Week vs. This Week
New Listings:
- Last Week: 856
- This Week: 733
- Change: -14.4%
Back on the Market:
- Last Week: 149
- This Week: 143
- Change: -4.0%
Pending Sales:
- Last Week: 4997
- This Week: 5048
- Change: +1%
Price Changes:
- Last Week: 980
- This Week: 871
- Change: -11.1%
Homes Sold:
- Last Week: 983
- This Week: 676
- Change: -31.2%
Expired Listings:
- Last Week: 136
- This Week: 61
- Change: -55.1%
Open House Events:
- Last Week: 2540
- This Week: 2286
- Change: -10.0%
Insights into the Changes
- New Listings & Back on the Market: A slight decrease indicates a nuanced adjustment in the influx of new properties and those returning to the market.
- Pending Sales: Despite a minor dip, the market remains robust with a 1% increase in pending sales.
- Price Changes: A notable 11.1% decrease in properties undergoing price adjustments.
- Homes Sold: The number of homes sold experienced a significant drop by 31.2%, suggesting a shifting trend in completed transactions.
- Expired Listings: A substantial 55.1% decrease in expired listings, indicating a more streamlined market.
- Open House Events: A 10.0% reduction in open house events, aligning with the overall adjustments in the market.
These figures provide a nuanced glimpse into the evolving dynamics of our local real estate scene. If you have specific questions or need tailored insights for your property journey, feel free to reach out. Stay tuned for more updates as we navigate the exciting world of Triangle real estate together!
Happy exploring!
