Archive for April, 2019

Here’s how the numbers look March 2018 vs. March 2019 in the Triangle Residential Real Estate Market

March 2018 closed sales

3366 closed sales, 27 average days on market, average list price $268,470; average sale price $265,000

March 2019 closed sales

3362 closed sales, 26 average days on market, average list price $312,510; average sale price $376,606***

**Triangle Multiple Listing Service (TMLS) SOURCE OF DATA
***937 newly constructed homes with an average list price of $371,514 and sold price of $370,387. Analysis is that resale homes are still selling above asking price in many instances. This can be attributed to low inventory.
Median resale home price in March 2019 was $250,000 for the entire region served by TMLS.

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