Ready for Tax Time?
As you begin preparing your tax return for 2020, here is a snapshot of everything you will need to know. This includes important dates, standard deduction changes and retirement tax restrictions. If you have recently purchased a home or have a lot on your plate, consider saving time with a tax professional.
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Great Reads for the End of the year
In the midst of the holiday season, what sounds better than drinking hot chocolate by the fire with a great book. We won't be able to help with all of those things, but check out our recommendations below for books to read before the end of the year.
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November Market Update
Below please find the November 2020 Market Update by County for the Triangle.
To see market stats for communities in the Triangle, mouse over communities on this website and click on the community you would like market stats on and scroll to the bottom of the page. This resource is current to the date you pull data. Just another resource we offer to assist you with increasing your knowledge base about Real Estate.
In Chatham County, there was a 6.4 percent decrease in the number of new listings in November, year to date, compared to last year, which decreased from 1,649 to 1,544. The number of closed sales increased from 1,212 to 1,331, a 9.8 percent increase. Median sales prices also increased by 8.7 percent. In November, Chatham County median sales price exceeded the median sales price for all MLS listings.
In Durham County, new listings decreased by 4.3 percent and closed sales have increased by 3.6 percent year to date. Median sales price has increased 6.8 percent from this time last year, moving from $270,128 to $288,625. Average sales price increased by 7.0 percent year to date. In November, the Durham County median sales price was level with the median sales price of all MLS listings.
The number of listings in Orange County has decreased by 11.8 percent, from 2,213 new listings year to date last year to 1,951 new listings this year. There was a 3.4 percent decrease in closed sales. Additionally, median sales price increased by 3.8 percent, from $315,888 to $327,875. In November, Orange County median sales price exceeded the median sales price for all MLS listings.
In Wake County, there was a decrease of 2.9 percent in the number of new listings year to date compared to last year, which decreased from 23,836 to 23,146. The number of closed sales increased 6.7 percent from 19,573 to 20,888. Median sales prices also increased by 6.7 percent for November compared to November 2019. Compared to the median sales price for all MLS listings, Wake County median sales price were higher in November.