This is the Market Update for all of the Triangle Region for the month of April. I will just highlight some of the major points for you, but this video covers it all. It will help you understand where we are currently as a whole market as well as give you some information about the current status of your home or homes in this area.
Closed Sales are up 2.5%
Median Sales Price up 5.7% which was $280,000
Average Sales Price up 5.0% which was $317,149
Days on Market has increased by 6.9% up to 31 days on market
Inventory Homes for Sale has decreased by 5.1% (this means that we have less homes on the market this year. Our resale homes numbers have also decreased as we continue to go up against new construction in this area).
Our market is still thriving and it’s a great time to buy or sell your home. If you have any questions or concerns, please do reach out to us. You can reach us on our contact form under the contact tab.