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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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 October 2013
1st Quarter 2014
Inventory Down 3% in Jan and Feb compared to last year and up 6% from in March
Pending Sales down 3% in Jan and Feb compared to last year and down 2% in March compared to last year, however pending sales were up 35% from this February to March.
Closed Sales 3% increase in Jan and February and Flat in March compared to last year
Days on Market. Last year 112 days on market and this quarter 85 days on market. If the house is priced right and in move-in condition it will sell much quicker.
Average Sales Price. The overall sales price is up 8% compared to last year. It is up 6% for resale.