The Triangle real estate market continues to show signs of resilience, despite a slight slowdown in some key metrics. Let’s delve into the weekly stats for the week of September 16th, 2024.
Key Metrics
- New Listings: The number of new listings increased by 6.9% compared to the previous week, suggesting a growing supply of homes on the market.
- Pending Sales: Pending sales rose by 6.8%, indicating increased buyer interest and a potential for future closings.
- Price Changes: The number of price changes decreased by 4.9%, suggesting that sellers may be becoming more hesitant to reduce their asking prices.
- Homes Sold: The number of homes sold declined by 4.6% compared to the previous week.
- Expired Listings: Expired listings decreased by 10.7%, suggesting that properties are spending less time on the market.
- Active Listings: The number of active listings increased by 3.4%, indicating a growing inventory of homes available for sale.
Market Trends
While the overall market remains active, there are signs of a slight slowdown in some areas. The increase in new listings and active listings suggests that buyers may have more options to choose from. However, the rise in pending sales indicates continued buyer interest.
Conclusion
The Triangle real estate market remains resilient, despite a slight slowdown in some areas. The increase in new listings and active listings suggests a growing inventory, while the rise in pending sales indicates continued buyer interest. It’s important to stay informed about market trends and consult with a real estate professional for personalized guidance.
Contact Brazoban Realty Group today to learn more about the Triangle real estate market and to discuss your home-buying or selling needs. Our team of experienced agents can provide expert guidance and support throughout the entire process.
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Source: Triangle MLS
