April 2016 Market Indicators

The Triangle real estate market remains strong—especially for sellers—according to recent data released by Triangle MLS. New Listings and Under Contract Sales are up over April 2015. Under Contract Sales as well as Median Sales Prices continue to trend upward since the start of the year. Days on Market and Months Supply of Inventory continue to decrease. With no foreseeable changes to the housing industry coupled with still-low mortgage rates, the market outlook remains favorable. For information about how the local market affects your real estate needs, contact Peak Swirles & Cavallito Properties.