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Archive for September, 2017

Here’s how the numbers shape up August 2016 vs. August 2017 in the Triangle Real Estate Market:

August 2016 closed sales

3680 closed sales, 40 average days on market, average list price $276,369 average sale price $272,173

August 2017 closed sales

3727 closed sales, 39 average days on market, average list price $294,663 average sale price $291,611

Broader Economic Tid Bits:

According to Bloomberg and citing Bank of America Merrill Lynch research 8/25/2017:

US equity funds suffered their longest streak of capital outflows in 13 years as growing signs of political deadlock in Washington cast doubt on a rally that has taken the S&P 500 Index to record highs.

Investors pulled $2.6 billion from US stock funds in a 10th consecutive week of outflows; total outflow since late June 2017 has been $30 billion.

According to the FRED (Federal Reserve Economic Data) from Federal Reserve Bank of St. Louis in July 2017 nationwide there was a 5.8 month supply of housing. In retrospect in January 2009 there was a 12.9 month housing supply. Locally in Raleigh/Durham and according to TMLS (Triangle Multiple Listing) there is currently a 3 month supply of housing stock.

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