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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Triangle Market Update for 2nd Quarter 2014
2nd Quarter 2014
2nd Quarter 2014 is slow and steady. The amount sold has remained flat from 2nd Quarter 2013 and 2014.
June Pending Sales up 7% from 2013.
June Sales up 2.4% similar to the job growth of 2%
Inventory up 4% mostly from new home construction.
New Home Sales up 20% from 2013
Resales are flat from 2013
Listings up 5% but majority from new home listings
Days on Market (DOM) is down 78 DOM in 2013 to 67 DOM in 2014
Average Price Increase by 3% but some areas have seen greater increases and some areas less.
Showings up 10%