Raleigh Real Estate Market Stats by Brian Pate

Raleigh Real Estate Market Stats by Brian Pate

What is the latest on the Raleigh real estate market?  Realtor Brian Pate has updates on the stats for current, active listings and the closed stats for the month of March 2018 in the TriangleMLS.  The Triangle MLS covers the Raleigh/Durham real estate market including over 16 surrounding counties.

To view this video on YouTube, click here.

If you are considering selling your home in the next year, email Brian today for a preparation checklist and an update on market conditions.

The climb that we are seeing in inventory is due to the rise in the number of resale listings that are coming on the market rather than a growing new construction inventory.  Most of the active new construction properties listed in MLS are immediately going under contract because they are being sold as pre-sales by the builder.

 

 

Triangle Wide Active Stats:

7,112 active listings

Avg Days On Market for active

49 days Med Days On Market for active 6 days

 

Resale Active

4,087 active listings Active DOM resale

85 days Median DOM resale 40 days

 

March Sold Stats: New and Resale 3,350 homes sold, Avg DOM 27 days, Med DOM 4 days. Avg Sale Price $298,645, Median Sale Price $264,945

Resale Sold in March: 2,467 units sold was 73.6% of the market Avg DOM 37 days, Median DOM 8 days

 

Raleigh Real Estate Market Stats by Brian Pate

 

 

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