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Archive for June, 2018

Here’s how the numbers look May 2017 vs. May 2018 in the Triangle Real Estate Market

May 2017 closed sales

3933  closed sales, 42 average days on market, average list price $296,236; average sale price $293,406

May 2018 closed sales

3942  closed sales, 19 average days on market, average list price $308,753;  average sale price $348,863**

**TMLS SOURCE OF DATA

The market remains brutal for most buyers. Here are a couple of key take away facts. The selling price of the average home closed $40,000 over list price.  Homes priced from $150,000 to $250,000 in the Triangle Market used to be the norm, they are now the exception. 19 days on market is astounding.

Do you know someone who might want to sell, buy or lease residential real estate?  We can help: call or email us.

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