Triangle Area Home Sales Statistics


This Triangle Area Market Trends home sales statistics data is updated periodically. The data is sourced from the Triangle MLS database accessible by real estate brokers in the greater Raleigh area Realtor association. The data shows monthly residential housing trends for the entire Triangle Area market consisting of four triangle counties, i.e. Wake, Orange, Durham and Johnston counties. If you do not see the data you are looking for contact Jeff Warren (click Email Jeff to the right) and request the market statistics you are interested in.

The data below is accurate as of October 2012.

  • New listings in the Triangle region increased 11.8%.
  • Pending Sales were up 40.53%.
  • Inventory levels shrank 22.7%.
  • Prices moved higher!
  • The Median Sales Price increased 2.7%.
  • Days on Market (DOM) were down 6.6% to 118-days. 
  • The supply-demand balance stabilized as Month's Supply of Inventory was down 34.3% to 6.6 months. 
  • These positive 2012 year-to-date results are refreshing and most welcome. 
 
1. Market Overview

This table is a snapshot of all key metrics for Trianlge area properties.  
 
  
 
2. New Listings (back to top)

A count of the properties that havbe been newly listed on the market in a given month. 
 
  
3. Pending Sales (back to top) 

 A count of the properties on which contracts have been accepted in a given month. 
 
 
4. Closed Sales (back to top)
 
A count of the actual sales that have closed in a given month. 
 
 
5. Days on Market Until Sale (back to top) 

Average number of days between when a property is listed and when an offer is accepted in a given month. 
 
 
6. Median Sales Price (back to top) 

Median price point for all closed sales, not accounting for seller concessions, in a given month. 
7. Average Sales Price (back to top) 

Average sales price for all closed sales, not accounting for seller concessions, in a given month. 
 
 
8. Percent of Original List Price Received (back to top) 

Percentage found when dividing a propert's sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions. 
 
 
9. Percent of List Price Received (back to top)
 
 Percentage found when dividing a property's sales price by its last list price, then taking the average for all properties sold in a given month, not accounting for seller concessions. 
 
 
10. Housing Affordability Index (back to top)
 
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means reater affordability.  
 
 
11. Inventory of Homes for Sale (back to top)

The number of properties available for sale in active status at the end of a given month. 
 
 
12. Months Supply of Inventory (back to top)

The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.  
 
14. xxxxxxxxxxxx (back to top)

Remember the possibility of other competing offers, when you formulate an offer or counter offer. The TAR Broker and/or  
 
13. Annual Review (back to top)

Historical look at key metrics for the overall region.   
 
 
14. Showings Chart (back to top) 

This chart shows the total monthly showings for all four county listings for this year and the previous four years. Notice the odd shape of 2010 showings, that's a direct result of 2010's 1st Time Home Buyer Tax Credit program.  
 
  
 
 
 
15. Next Item TBD (back to top)

Here is your chance to influence additional stastical housing data that I add next month. Don't be shy, give me your suggestions...  

 

 

 

 


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