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Archive for February 7th, 2015

And we’re off, here’s a look at how January 2015 shaped up in the Triangle.

By the numbers  January 2014 vs. January 2015

January 2014

1747 total sales

77 average days on market

$248,206 average list price and $241,222 average home sale price

January 2015

1647 total sales

74 average days on market

$238,660 average list price and $278,995 average home sale price

( I have NEVER seen this before, a $40,000 differential between list and sale price where the sale price is the higher average.  This tells me one of two things; there is something amiss in the data at Triangle Multiple Listing  or a whole lot of lower priced properties came onto the market and sold and a whole bunch of luxury/executive homes priced at $500,000+ also sold.  My inclination is to go with the second scenario.)

If we don’t have your email and we’d like to keep in touch with you. I promise not to spam your mailbox! Could you email us at Michael@TeamMichaelSullivan.com so that we can update your contact information. Let us know of any life changes too.

If you’ve been waiting for the market to rebound to sell? Now might be the time.  Call me or email me. I’d be delighted to meet, generate a competitive market analysis and help you weigh your options.

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