Full Triangle Area November 2013 Real Estate Market Recap

Presenting the full November 2013 Triangle real estate market recap.  If you’re in the market to buy or sell a home in the area we have good news wrapped in the statistics below.  The trend has continued with closed sales up and the average days on the market is down.

Here are some quick stats representing the entire Triangle MLS area (before we dive into performance details for Wake County homes).

  • Homes sold in November 2013 vs November 2012 = 2,020 vs 1,807 representing an increase of 11.8%
  • At the end of November 2013 the inventory of homes for sale was 12,676 vs 13,649 in November 2012, a decrease of 7.1%
  • The Days on Market until sale decreased by 18.1% for the same period with an average of 93 in November 2013 vs 114 in November 2012

The Triangle unemployment rate was flat in October at 6.4%, down from 7.5% in October 2012.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the following counties:  Orange, Durham, Johnston and Wake County.  Presenting the Triangle MLS (multiple listing service) November market update with Stacey Anfindsen:

Wake County November Real Estate Stats

Wake County Real Estate Statistics

Our goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

To break down the information above, the tables below detail the November 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:November 2013 Triangle Real Estate Stats

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of new active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

November 2013 Average Days on MarketAVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in November.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – November 2013

November 2013 Active Triangle Real Estate

Wake County Real Estate that Went Under Contract Last Month

November 2013 Under Contract Triangle Homes

Wake County Real Estate that Sold in November 2013

November 2013 Closed Triangle Homes

Just some highlights:

Average Days on Market in the Triangle

Like last month, the average days on the market for homes in the entire Triangle area last month was 93 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  93 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location, desirability, and price bracket.

The low and high per area for days on market before closing in November were Holly Springs averaging (an incredibly impressive) 42 days, and Garner with an average of 110 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the other Triangle areas noted above fall between the two (see chart outlining the average days on market for the breakdown).

E-mail Me Homes Matching my Criteria

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Have questions or in need of more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.

Closed Sales UP and Average Days on Market DOWN

Closed sales are up and the average days on the market is down – the October 2013 snapshot of Triangle area real estate activity reveals good news for home buyers and sellers in the area.  Here are some quick stats representing the entire Triangle MLS area (before we dive into performance details for Wake County homes).

  • Homes sold in October 2013 vs October 2012 = 2,320 vs 1,988 representing an increase of 16.7%
  • At the end of October 2013 the inventory of homes for sale was 13,281 vs 14,378 in October 2012, a decrease of 7.6%
  • The Days on Market until sale decreased by 20.3% for the same period with an average of 93 in October 2013 vs 117 in October 2012

Oddly we couldn’t find released numbers for the Triangle unemployment rate in September (possibly due to the government shut down?)… the previous month however dropped sharply to its lowest point in nearly 5 years, reaching 6.6% in August, down from 7.2% in July.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the following counties:  Orange, Durham, Johnston and Wake County.  Presenting the Triangle MLS (multiple listing service) October market update with Stacey Anfindsen:

Knightdale October Real Estate Stats

Wake County Real Estate Statistics

Our goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

To break down the information above, the tables below detail the October 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:October Wake County Real Estate Activity

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of new active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

October Wake County Real Estate Average Days on Market

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in October.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – October 2013

October Real Estate Market Active Homes

Wake County Real Estate that Went Under Contract Last Month

October Wake County Real Estate Pending

Wake County Real Estate that Sold in October 2013

October Wake County Real Estate Closed

Just some highlights:

Average Days on Market in the Triangle

The average days on the market for homes in the entire Triangle area last month was 93 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  93 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location, desirability, and price bracket.

The low and high per area for days on market before closing in October were Holly Springs averaging (an incredibly impressive) 73 days, and Garner with an average of 138 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the other Triangle areas noted above fall between the two (see chart outlining the average days on market above for the breakdown).

E-mail Me Homes Matching my Criteria

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.

August Real Estate Recap: Days on Market Down, Homes Sold is Up

Days on market is down, homes sold is up, unemployment is steady.  Real Estate in the Triangle area had another strong month in August.

August 2013 Triangle area Real estate activity (from the Triangle MLS):

  • Homes sold in August 2013 vs August 2012 = 2,895 vs 2,425 representing an increase of 19.4%
  • At the end of August 2013 the inventory of homes for sale was 13,727 vs 15,030 in August 2012, a decrease of 8.7%
  • The Days on Market until sale decreased by 18.8% for the same period with an average of 93 in August 2013 vs 114 in August 2012

The Triangle unemployment rate, after falling for 5 consecutive months remained unchanged in July at 7.3%.  This is down substantially however from 7.9% during this time a year ago.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the entire Triangle MLS region.  The region includes the following counties in NC:  Alamance, Caswell, Chatham, Durham, Franklin, Granville, Harnett, Johnston, Lee, Nash, Orange, Person, Sampson, Vance, Wake and Warren.  Presenting the Triangle MLS (multiple listing service) August market update with Stacey Anfindsen:

Note our report below includes specifically single family detached homes in Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay-Varina, Garner, Wake Forest and Knightdale.

Wake County Real Estate Statistics

Wake County Real Estate Market - August StatsOur goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

The pie chart breaks down the August 2013 percentages of:

  • new active homes listed
  • total homes for sale (active)
  • homes that sold
  • homes under contract

For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:

To break down the information above, the tables below detail the August 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:August real estate stats for Wake County

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of New active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

August Average Days on Market Wake County HomesAVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in August.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – August 2013

August Homes Active in Wake County

Wake County Real Estate that Went Under Contract Last Month

August Pending Homes in Wake County

Wake County Real Estate that Sold in August 2013

August Homes Closed in Wake County

Just some highlights:

Average Days on Market in the Triangle

The average days on the market for homes on the market in the entire Triangle area last month was 93 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  93 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location and price bracket.

The low and high per area for days on market before closing in August were Morrisville averaging 45 days, and Holly Springs and Garner both averaged 71 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the remaining Triangle areas noted above fall between the two (see chart outlining the average days on market above for the breakdown).

E-mail Me Homes Matching my Criteria

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.

Raleigh’s new Modern Toll Road is moving forward – The #540 Outer Beltline plans are back on track

The new Triangle Expressway

              
Just what is the newest North Carolina modern toll road all about? 

You may remember the Northern Raleigh section which started almost 11 years ago – the #540 or the outer beltline as some refer to it as, opened up the northern loop near Page Road and the Durham/Wake county line and ended at the Knightdale Bypass in Knightdale NC.  Since then it has made it’s way down to Holly Springs NC at the #55 bypass.  Making more than 1/2 of the proposed 70 mile outer loop completed.

Finally word has it that a decision is close concerning when and where the final Southern section will be… 

 Here’s a brief history of the #540 Outer beltline Southern Section:

When the studies first started on how to complete the southern section it became apparent that if the completion was going to be paid for by state funds it wasn’t going to get finished until 2030.  Ouch! 

So in came several Wake County mayors to the rescue ~ they requested that the North Carolina Turnpike Authority (NCTA) study the feasibility of constructing a toll road to complete the rest of the Outer Loop.  They concluded in as early as 2007 it would be financially feasible to build their toll road… so it began.

The southern section or the Western Wake Expressway or Parkway work began August 2009.  Completion and the section to the #55 bypass in Holly Springs, NC opened earlier this year.  But as plans sometimes hit a glitch, the southern section of the #540 hit yet another stall at this point – where was the final section was going to go?

As of the beginning of this month the NCDOT has prepared a Draft Alternatives Development and Analysis Report.  Good that planning is on the road again, but the not so good news is that it will take a lot longer than I thought it would.  Projected completion date isn’t until 2020.  At least that’s a full decade sooner than what was first planned.

So no matter what the powers that be finally decide on where that road will go, I for one am just anxious for it to get completed!  It’ll sure change the real estate market in some areas in the Southern Wake County area like Garner, Holly Springs and Fuquay Varina – making them much more accessible to RTP and the Raleigh-Durham international airport! Might be why we’re seeing such a marked surge in home sales in these area.  I think even Clayton in Johnston county will see a change…

There’s no denying it; once completed the new outer beltline will be terrific!  I’m just glad I got my Quick Pass account all set up ~ I’m ready!

A Hot Real Estate Market – Triangle, NC July Recap

The Triangle area real estate market is looking good!

July 2013 Triangle area Real estate activity (from the Triangle MLS):

  • Homes sold in July 2013 vs July 2012 = 3,082 vs 2,295 representing an increase of 34.3%
  • At the end of July 2013 the inventory of homes for sale was 13,882 vs 15,402 in July 2012, a decrease of 9.9%
  • The Days on Market until sale decreased by 17.5% for the same period with an average of 95 in July 2013 vs 115 in July 2012

The Triangle unemployment rate fell for the fifth consecutive month from a seasonally adjusted 7.4% in May to 7.2% in June.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the entire Triangle MLS region.  The region includes the following counties in NC:  Alamance, Caswell, Chatham, Durham, Franklin, Granville, Harnett, Johnston, Lee, Nash, Orange, Person, Sampson, Vance, Wake and Warren.  Presenting the Triangle MLS (multiple listing service) July market update with Stacey Anfindsen:

Note our report below includes specifically single family detached homes in Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay-Varina, Garner, Wake Forest and Knightdale.

Wake County Real Estate Statistics

Wake County Real Estate Market - July StatsOur goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our area of NC perform month over month.  Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

The pie chart breaks down the July 2013 percentages of:

  • new active homes listed
  • total homes for sale (active)
  • homes that sold
  • homes under contract

For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:

To break down the information above, the tables below detail the July 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:

July 2013 Triangle Real Estate Stats

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of New active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

July Real Estate Average Days on Market in the TriangleAVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in July.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – July 2013

July Active Real Estate in the Triangle

Wake County Real Estate that Went Under Contract Last Month

July Real Estate Under Contract in the Triangle

Wake County Real Estate that Sold in July 2013

July Real Estate Sold in the Triangle

Just some highlights:  The average days on the market for homes on the market in the entire Triangle area last month was 95 days (just over 3 months), giving Triangle home sellers an indication as to what to expect in terms of length of time on the market before selling (depending on specific location and if it’s priced right of course).  The low and high per area for days on market before closing in July were Morrisville averaging 37 days, and Knightdale averaging 85 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the remaining Triangle areas noted above fall between the two (see chart outlining the average days on market above for the breakdown).

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.

Strong Month for Triangle Real Estate in June 2013 – Full Stats Recap

Home owners, buyers and sellers have much to feel good about as it was another solid month for Wake County area real estate!

June 2013 Real estate activity (from the Triangle MLS):

  • Homes sold in June 2013 vs June 2012 = 3,020 vs 2,629 representing an increase of 14.9%
  • At the end of June 2013 the inventory of homes for sale was 14,294 vs 15,917 in June 2012, a decrease of 10.2%
  • The Days on Market until sale decreased by 16.5% for the same period with an average of 95 in June 2013 vs 114 in June 2012

The Triangle unemployment rate inched down for the fourth consecutive month from 7.1% in April to 7% in May.

Wake County Real Estate Statistics

Wake County Real Estate June StatsOur goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our area of NC perform month over month.  Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

The pie chart breaks down the June 2013 percentages of:

  • new active homes listed
  • total homes for sale (active)
  • homes that sold
  • homes under contract

For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:June Triangle Real Estate Stats

To break down the information above, the tables below detail the June 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of New active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing
June Triangle Real Estate - Average Days on Market

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in June.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – June 2013

June Triangle Real Estate - Active

Wake County Real Estate that Went Under Contract Last Month

June Triangle Real Estate - Pending

Wake County Real Estate that Sold in June 2013

June Triangle Real Estate - Sold

Just some highlights:  The average days on the market for homes on the market last month was 95 days (just over 3 months), giving Triangle home sellers an indication as to what to expect in terms of length of time on the market before selling (depending on specific location and if it’s priced right of course).  The low and high per area for days on market before closing in June were Morrisville averaging 47 days, and Garner averaging 88 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the remaining Triangle areas noted above fall between the two (see chart outlining the average days on market above for the breakdown).

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.

Unemployment Down, Homes Sold Up! Wake County Recap: May 2013

Let’s jump right to it!  Wake County area single family detached homes had another strong month with increased home sales, decreased inventory and decreased days on market until sale.

May 2013 Real estate activity (from the Triangle MLS):

  • Homes sold in May 2013 vs May 2012 = 3,099 vs 2,351 representing an increase of 31.8%
  • At the end of May 2013 the inventory of homes for sale was 14,385 vs 16,220 in May 2012, a decrease of 11.3%
  • The Days on Market until sale decreased by 13.8% for the same period with an average of 99 in May 2013 vs 114 in May 2012

The Triangle unemployment rate dipped from 7.2% in March to 7.1% in April.

Wake County Real Estate StatisticsMay 2013 Wake County Real Estate Stats

Our goal for the Triangle real estate market reports is to offer a solid overview of how detached homes for sale in our area of NC perform month over month.

The pie chart breaks down the May 2013 percentages of:

  • new active homes listed
  • total homes for sale (active)
  • homes that sold
  • homes under contract

For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:

To break down the information above, the tables below detail the May 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:

May 2013 Triangle Real Estate Stats

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of New active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

May 2013 Triangle Real Estate DOMThis graph indicates the average number of days a single family detached home remained on the market for those homes that closed in May.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – May 2013

May 2013 Triangle Real Estate Active

Wake County Real Estate that Went Under Contract Last Month

May 2013 Triangle Real Estate Pending

Wake County Real Estate that Sold in May 2013

May 2013 Triangle Real Estate Closed

Just some highlights:  The average days on the market for homes on the market last month was 99 days (just over 3 months), giving Triangle home sellers an indication as to what to expect in terms of length of time on the market before selling (depending on specific location and if it’s priced right of course).  The low and high per area for days on market before closing in May were Cary averaging 57 days, and Garner and Wake Forest both averaging 116 days; the remaining Triangle areas falling between the two (see chart outlining the average days on market below for the breakdown).

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.

April Home Values, Days on Market and Real Estate Activity Recap

A strong performance in April 2013 from Wake County real estate.  The average days on the market for homes on the market last month was 107 days (approximately 3.5 months).  This gives Triangle home sellers a general indication as to what to expect in terms of length of time on the market before selling (if it’s priced right of course).  The low and high per area for days on market before closing in April were Morrisville averaging 35, Wake Forest averaging 121 days and the remaining Triangle areas falling between the two (see chart outlining the average days on market below for the breakdown).

April 2013 Real estate activity (from the Triangle MLS):

  • Homes sold in April 2013 vs April 2012 = 2,635 vs 1,921 representing an increase of 37.2%
  • At the end of April 2013 the inventory of homes for sale was 14,288 vs 16,262 in April 2012, a decrease of 12.1%
  • The Days on Market until sale decreased by 13.9% for the same period with an average of 107 in April 2013 vs 125 in April 2012

The Triangle unemployment rate fell from a revised 7.3% in February to 7.2% in March 2013.

Wake County Real Estate Statistics

Wake County April Real Estate StatsOur goal for the Triangle real estate market reports is to offer a solid overview of how detached homes for sale in our area of NC perform month over month.

The pie chart breaks down the April 2013 percentages of:

  • new active homes listed
  • total homes for sale (active)
  • homes that sold
  • homes under contract

For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:

To break down the information above, the tables below detail the April 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:Wake County Real Estate Stats in April

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of New active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

Wake County Real Estate Average Days on Market in AprilThis graph indicates the average number of days a single family detached home remained on the market for those homes that closed in April.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – April 2013

Wake County Real Estate Active in April

Wake County Real Estate that Went Under Contract Last Month

Wake County Real Estate Pending in April

Wake County Real Estate that Sold in April 2013

Wake County Real Estate Sold in April

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.

Triangle Real Estate Average DOM Dropped 16.4%

Triangle real estate market stats were solid for March 2013.  The average days on the market for Wake County real estate last month was 112 days (approximately 3.5 months).  Depending on which Triangle area you live in this indicates the amount of time home sellers can expect to be listed before selling (if it’s priced right of course).  The low and high for March 2013 were tight with Cary averaging 86 days on the market last month, Knightdale averaging 136 days and the remaining Triangle areas falling between the two (see chart outlining the average days on market below for the breakdown).

March 2013 Real estate activity (from the Triangle MLS):

  • Homes sold in March 2013 vs March 2012 = 2,261 vs 1,807 representing an increase of 25.1%
  • At the end of March 2013 the inventory of homes for sale was 13,591 vs 15,770 in March 2012, a decrease of 13.8%
  • The Days on Market until sale decreased by 16.4% for the same period with an average of 112 in March 2013 vs 134 in March 2012

The Triangle unemployment rate fell to 7.5% in February from 8.1% in January, down significantly from 8.2% in February 2012.

Wake County Real Estate Statistics

Wake County March Real Estate RecapPleased to report the Wake County real estate stats are performing well!  Our goal for the Triangle real estate market reports is to offer a solid overview of how detached homes for sale in our area of NC perform month over month.

The pie chart breaks down the March 2013 percentages of:

  • new active homes listed
  • total homes for sale (active)
  • homes that sold
  • homes under contract

For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:

To break down the information above, the tables below detail the March 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:March 2013 Wake Real Estate Market Report

  • New active homes that entered the real estate
  • Total active homes listed (excludes the # of New active homes as not to be redundant or skew the numbers)
  • Homes closed
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSINGMarch 2013 Wake Real Estate - Average Days on Market

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in March.

Selling your Triangle home? This should help give a quick overview of how long you can expect it will take to sell your home (IF it is priced right).

Wonder how your home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – March 2013

March 2013 Wake Real Estate - Active for longer than 1 month

Wake County Real Estate that Went Under Contract Last Month

March 2013 Wake Real Estate - Under Contract

Wake County Real Estate that Sold in March 2013

March 2013 Wake Real Estate - Sold

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.

February 2013 Triangle Real Estate Recap: Solid Stats!

Triangle real estate market stats were solid for February 2013.  Homes in Wake County can expect to sit on the market an average of approximately 4 months (119 days) depending on which Triangle area you live in.  The low and high for February 2013 were tight with Morrisville averaging 83 days on the market last month, Wake Forest averaging 143 days and the remaining Triangle areas falling between the two (see chart below for the breakdown).

February 2013 Real estate activity (from the Triangle MLS):

  • Homes sold in February 2013 vs February 2012 = 1,641 vs 1,494 representing an increase of 9.8%
  • At the end of February 2013 the inventory of homes for sale was 12,804 vs 14,786 in February 2012, a decrease of 13.4%
  • The Days on Market until sale decreased by 11.1% for the same period with an average of 119 in February 2013 vs 133 in February 2012

The Triangle unemployment rate fell in January 2013 to 8.1% when compared to the 8.2% unemployment rate in January 2012.  Unfortunately the rate jumped drastically from December’s 7.6% reflecting the end of temporary winter holiday jobs.

Wake County Real Estate Statistics

Wake County February 2013 StatsOn a brighter note the Wake County real estate stats are looking strong!  Our goal for the Triangle real estate market reports is to offer a solid overview of how detached homes for sale in our area of NC perform month over month.

The pie chart breaks down the February 2013 percentages of:

  • new active homes listed
  • total homes for sale (active)
  • homes that sold
  • homes under contract

For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:

To break down the information above, the tables below detail the February 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:Wake County Real Estate - February 2013 Stats

  • New active homes that entered the real estate
  • Total active homes listed (excludes the # of New active homes as not to be redundant or skew the numbers)
  • Homes closed
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

Wake County Real Estate - February 2013 Average DOMThis graph indicates the average number of days a single family detached home remained on the market for those homes that closed in February.

Selling your Triangle home? This should help give a quick overview of how long you can expect it will take to sell your home (IF it is priced right).

Wonder how your home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – February 2013

Wake County Real Estate - February 2013 Active Homes

Wake County Real Estate that Went Under Contract Last Month

Wake County Real Estate - February 2013 Pending Homes

Wake County Real Estate that Sold in February 2013

Wake County Real Estate - February 2013 Closed Homes

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.