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.
A count of the properties on which contracts have been accepted in a given month.
A count of the actual sales that have closed in a given month.
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.
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
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.
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.
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.
The number of properties available for sale in active status at the end of a given month.
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.
Remember the possibility of other competing offers, when you formulate an offer or counter offer. The TAR Broker and/or
Historical look at key metrics for the overall region.
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.
Here is your chance to influence additional stastical housing data that I add next month. Don't be shy, give me your suggestions...