In December 2024, the Triangle region saw a notable 10.2% increase in new real estate listings compared to the previous month. This surge contributed to a year-to-date increase of 17.1% in the number of new listings. This growth suggests that the market is becoming more active and competitive, likely providing more options for buyers and signaling continued demand in the region. Additionally, closed sales in the Triangle region surged by 16.9%, signaling a more active and competitive real estate market. This increase in sales activity aligns with a modest 3.3% rise in the average sales price, indicating continued demand for properties in the area. Meanwhile, the median sales price has remained steady at $400,000, suggesting a stable market for buyers and sellers alike, even as prices show gradual upward movement. In December 2024, Wake County experienced a 10% increase in new listings, signaling a growing supply of homes in the market. This shift was accompanied by a notable 14% increase in closed sales, highlighting a significant uptick in the pace of transactions. Despite the growing supply and higher sales activity, the market demonstrated resilience in pricing: the median sales price rose modestly by 0.7%, while the average sales price saw a more substantial 4.7% increase. These trends suggest that demand remains strong, and prices are continuing to rise, even as the market becomes more active. In December 2024, Person County saw a notable 9.4% increase in new real estate listings, reflecting a shift in the local market. Despite this increase in listings, the average sales price in the county has risen by 10.5% year-to-date. This upward trend in prices suggests continued demand for properties, even though fewer homes are entering the market overall. This dynamic points to a competitive market where buyers are still eager to secure available properties. In December 2024, Orange County experienced a notable shift in the real estate market. The surge in new listings by 19.2% signals an increase in available homes, suggesting a more robust supply. This boost in inventory likely contributed to the sharp 38% rise in closed sales, indicating that buyers are actively engaging with the market. Additionally, the 7.8% increase in average sales prices suggests strong demand, as buyers are willing to pay higher prices for homes despite the larger inventory. Overall, these trends reflect a dynamic market with increasing activity and higher home values in the region. In November, Durham County’s real estate market showed a healthy balance between supply and demand. The 3.9% increase in new listings suggests a modest boost in available homes, while the significant 42.4% rise in closed sales indicates a strong level of buyer interest. Despite the increase in listings, the steady pace of sales signals that demand remains consistent, and homes are still moving efficiently. This combination of rising listings and active transactions points to a balanced market where buyers have more choices, and sellers are seeing success in closing deals. Overall, it reflects a stable and active real estate environment in Durham County. In Chatham County, December data shows a year-to-date increase in new listings of 7.1%, reflecting a growing housing supply over the course of the year. This increase in available homes suggests that the market has become more favorable for buyers seeking options. At the same time, the median sales price rose by 2.1%, indicating steady appreciation in home values. However, the more substantial 5.2% rise in the average sales price suggests that higher-priced homes have been driving much of the market's price growth. Together, these trends indicate a healthy, active market where supply is increasing while home values continue to rise, particularly in the higher-end segment.
Hiring a realtor can be incredibly beneficial during the home-buying process. Realtors bring valuable expertise in understanding local market trends, property values, and the complexities of paperwork. Their negotiation skills can help you secure the best price and terms, while their experience navigating inspections, financing, and legalities ensures a smoother, less stressful experience. Ultimately, a realtor acts as a trusted guide, saving you time, reducing uncertainty, and helping you make more informed decisions throughout the journey. Engaging a seasoned REALTOR like Carl Johnson, who is highly experienced in the Greater Triangle area, brings invaluable negotiation skills to the table. Whether you're buying or selling in Durham, Chapel Hill, Carrboro, or elsewhere in the Greater Triangle, Carl’s deep understanding of the local market ensures you get top-tier service. Don't forget we also work at the Crystal Coast of NC. From navigating counteroffers to securing favorable terms, Carl's finesse in negotiations will significantly impact the outcome of your transaction. Trusting Carl means you have a dedicated advocate on your side, maximizing your chances of closing the deal with the best terms possible. Call 919-880-0904 or visit our site today to leverage Carl's expertise in the Greater Triangle & The Crystal Coast.
0 Comments
Leave a Reply. |
Categories
All
|