Triangle’s Weekly Stats – Nov 3rd, 2023

Welcome back to our Weekly Market Stats update, where we bring you the latest insights into the dynamic real estate landscape of the Raleigh-Durham area. Let’s dive into the numbers and trends for the past 7 and 14 days:

New Listings: 1376 In the last two weeks, the Raleigh-Durham area has welcomed 1376 new listings, indicating a robust influx of properties onto the market.

Back on Market: 282 282 properties have returned to the market, offering new opportunities for prospective buyers.

Pending Sales: 4997 The high level of pending sales, totaling 4997, highlights the strong demand and active real estate activity in the area.

Price Changes: 1661 With 1661 price changes in the past 14 days, it’s essential for both buyers and sellers to stay informed about market dynamics.

Homes Sold: 1623 1623 homes found new owners, showcasing the vibrant sales market in Raleigh-Durham.

Expired Listings: 169 While most properties found success, 169 listings expired, emphasizing the importance of strategic marketing and pricing.

Open House Events: 3788 Open house events attracted significant attention, with 3788 opportunities for potential buyers to explore homes in person.

7-DAY HIGHLIGHTS

New Listings: 856 In the most recent week, 856 new listings have been introduced to the market, maintaining a healthy pace.

Back on Market: 149 149 properties returned to the market, giving buyers more options to consider.

Pending Sales: 4997 The consistency in pending sales, remaining at 4997, underlines the sustained demand for real estate in the area.

Price Changes: 980 In the past 7 days, 980 price changes occurred, emphasizing the responsiveness of the market to various factors.

Homes Sold: 983 The strong sales trend continued, with 983 homes finding new owners in the last week.

Expired Listings: 136 While relatively lower, 136 listings expired, reinforcing the need for strategic listing approaches.

Open House Events: 2540 Despite a slight decrease, 2540 open house events provided ample opportunities for potential buyers to explore available properties.