Chapel Hill Real Estate, Durham Real Estate, Carrboro Real Estate and The Triangle Real Estate

Chapel Hill Real Estate Specialist, including Durham, Raleigh, Cary, Apex, Wake Forest, and Hillsborough Real Estate

If you are interested in Buying or Selling a home in the Chapel Hill real estate market,  the Durham real estate market, the Carrboro real estate market or surrounding areas in the Triangle, this website has a wealth of information that will be important and helpful.

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Chapel Hill Homes for Sale, Carrboro Real Estate, Durham Properties for Sale as well as Hillsborough, Cary, Apex, Raleigh, Pittsboro and Wake Forest. Set up your own personal search and receive updates on new listings that meet your house hunting criteria.

If you are selling a home, information about the current market trends in your neighborhood, selling tips, and a free Comparative Market Analysis are available to help you make an informed decision.

Local community information is available for Chapel Hill and Carrboro, Durham, Pittsboro/Northern Chatham, Cary  and surrounding areas of the Triangle such as Hillsborough, Apex, Raleigh and Wake Forest. Find out about the Communities, Schools and Amenities each area has to offer.  If you are relocating to the area, download my Relocation Guide.

Triangle Market Update for End of Year 2016

Trend for the Year

     Decrease in Inventory

     Increase in sales

     Increase in average house prices

     Decrease in Days on Market

The last 2 years (2014 and 2015) have been like this too.

Inventory

     For the first time since reporting, the inventory for the Triangle is below 5000 

     Down 12% from December 2015

     Down 10% from November 2016

Listings

     Up 5% over year 2015

     Some listings going under contract before they can count as active

Resale Inventory

     50-60% of Resale went under contract or closed the same month

Showings

     Showings up 5% over year 2015

Pendings

     Our market peaks in March

     Average List Price peaks in May

Closings

     Peaks in June

     Annual Closed Sales up 10% over 2015

     Resale Closings up 7%

Prices

     Overall  average price is $297,400 and peaked in June

     Average resale price is $281,000 and peaked in June

     Average Closed Price overall up 5% from year 2015

     Average Closed Price resale up 6% from year 2015

65-75% of houses that closed had some type of seller concession (closing costs or repairs)

66% of Resale had Days on Market between 1-30 days

17% of Resales sold over final list price reason being is Demand

The Sweet Spot price in the market is $150,000 - $200,000

Average New Home Price $343,000

Most Resale Market won't have competition from New Construction.

 

 

 

 

 

 

 

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