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.
You can search the Triangle MLS neighborhoods in 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 August 2015
Showings for August up 10% from last year. Down 1% from July (which is seasonal).
Inventory is down 10% compared to last August. Up 1% from last month. New Home inventory is up 3% while Resale is down 14% compared to last year.
Listings up 12% from last year.
Failed Listings: Expires down 13% since last August ; Price drops 8%
Pendings up 10% since last August. Down 8% from July (seasonal). 37% of the inventory went under contract. Average days on market for August was 19 compared to last years 68. So if house is priced right it can fly off the market with multiple offers.
Closed Sales: Year to date closed up 10%.
Days on Market down to 41.
Prices up 5%. Resale up 4%.