Market Update

Local Market Update – September 2018

Market Overview Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry. Although residential real estate should continue along a mostly positive line for the rest

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Local Market Update – August 2018

Market Overview Rising home prices, higher interest rates and increased building material costs have pressured housing affordability to a ten-year low, according to the National Association of Home Builders. Keen market observers have been watching this situation take shape in the real estate market for quite some

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Local Market Update – July 2018

Market Overview Housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift. It is too early to predict a change from higher prices and lower inventory, but the common markers that caused the last housing cooldown are

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Local Market Update – June 2018

Market Overview Housing markets across the nation are most assuredly active this summer, and buyer competition is manifesting itself into several quick sales above asking price. While the strength of the U.S. economy has helped purchase offers pile up, the Fed recently increased the federal funds rate

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Market Indicators – May 2018

Market Overview Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months. With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong. Given

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Market Indicators – April 2018

Market Overview Many sellers and builders are in a good position for financial gains, as the economy continues to favor putting existing homes on the market and building new homes for sale. We are finally beginning to see some upward movement in new listings after at least

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April 2017 Market Indicators

April 2017 data released by Triangle MLS shows signs of a strong housing market – especially for sellers. Employment opportunities and wages have improved, thus opening the door for potential buyers and creating a residential real estate market ripe for sellers. Houses that show well and are

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January 2017 Market Indicators

According to the January 2017 data released by Triangle MLS, this year’s real estate market opens with similar trends that we saw throughout most of 2016. Inventory remains low despite an increase in new listings. Substantial decreases in months supply of inventory and days on market means

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2016 Year End Market Indicators

December 2016 December 2016 wrapped up on a positive note, with market indicators reflecting the same trend seen throughout most of the year. According to information provided by Triangle MLS, New Listings increased 7.5 percent to 2,119. Under Contract Sales were up 17.7 percent to 2,213. Inventory

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July 2016 Market Indicators

Triangle homes still continue to sell quickly. According to market indicators reported by Triangle MLS as compared to July 2015, New Listings in the Triangle region decreased 1.7% to 4,242 and Under Contract Sales were up 11.6% to 3,592. Inventory levels fell 17% to 9,038 units. The Median

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