Greater Triangle Market Report November 2024

New Listings in the Triangle Region experienced a 16.6% change from October 2023 to now. There was also a 14.6% surge in closed sales in October 2024 within the Triangle region. The average sales price witnessed a 2.9% increase, while Median Sales Price went from an average of $400,000 to $405,000.​

New listings in Chatham County have had a 6.9% increase from October 2023 to now, with a competitive 17.3% increase in average sales price for the month of October, putting the average sales price at $810,894. Although the monthly supply of Homes for sale had a 16.2% decrease,  the Housing Affordability Index experienced a 4.3% increase.

​Although Person County saw a 9.1% decrease in new listings in the month of October, closed sales saw an 8% increase. Median sales price had an 8.2% increase with average sales price at $331,010. 

In Orange County, new listings ascended by an impressive 8.8%. Although closed sales saw a 22% decline in the month of September, it's slowing getting out of the low zone with a 2.0% increase in closed sales. Median sales price saw an increase of 18%, with an average sales price of $725,118.

Although Durham County average sales price saw a 2.7% diminish, new listings saw an impressive ascension of 26% in new listings in the month of October.

Wake County witnessed a remarkable 13.8% surge in new listings. Closed sales saw an impressive uptick of 20.2%, while the median sales price had no change in status, average sales price had a 1% increase.

Did you know? Hiring a realtor can save you time and stress in the home-buying process. Their expertise in the market, negotiation skills, and knowledge of the paperwork can streamline the journey to your dream home, ensuring a smooth and hassle-free experience.

Engaging a seasoned REALTOR like Carl Johnson, who is well-versed in the Greater Triangle area, brings a wealth of negotiation skills to the table. Whether you're buying or selling in Durham, Chapel Hill, Carrboro, or elsewhere in the Greater Triangle,

Carl's expertise ensures you get the best possible service. From navigating counteroffers to securing favorable terms, Carl Johnson’s finesse in negotiations can make a substantial difference in the outcome. Trusting Carl ensures you have a dedicated advocate, maximizing your chances of closing the deal on your terms. Call 919-880-0904 or visit our site today to leverage Carl's expertise in the Greater Triangle.