LOCAL MARKET UPDATE: June 2023

NEW at the bottom of this blog page, be sure to see the data about two counties at The Crystal Coast, Swansboro to Beaufort.

Across the entire Triangle Region, there was a 25.7% decrease in listings in June. The number of closed sales also decreased between 2022 and 2023, falling from 4,341 to 3,721 or by 14.3%. The median sales price was reported as $410,000, while units stay on the market for an average of 19 days.  This is making it more challenging for buyers. Sellers are getting the benefit of multiple offers, but we are seeing pricing decrease slightly across the Triangle of NC but in other parts of the Triangle we are seeing an increase in pricing.

In Chatham County, there was a 28.2% decrease in new listings in June. The number of closed sales decreased between 2022 and 2023, falling from 135 to 125 or by 7.4%. The median sales price increased by 9.2%, which meant in June, Chatham County's median sales price was above the median sales price for all MLS listings.

In Durham County, the average June sales price increased from $464,775 to $496,588 or by 6.8%. New listings and closed sales both decreased, by 36.7% and 24.5% respectively, but the June median sales price in Durham County was on par with the median sales price across all the MLS listings.

The number of closed sales in Orange County showed no change compared to June 2022. The number of new listings, however, decreased by 20.3%, from 217 new listings year to date last year to 173 new listings this year. Additionally, the median sales price increased by 3.2%, from $494,000 to $510,000. In June, the Orange County median sales price was on par with the median sales price for all MLS listings.

The number of listings in Person County decreased by 15%, from 60 new listings last June to 51 new listings this June. There was a 17.5% increase in closed sales. There was no significant change to the median sales. In June, the Person County median sales price was higher than the median sales price for all MLS listings.

In Wake County, there was a decrease of 31.1% in the number of new listings compared to June of last year. The number of closed sales also decreased, by 19.7% percent. The median sales prices increased by 1.5% year to date, rising to $500,000, which is higher than the median sales price for all MLS listings.

In Carteret County, there were 186 new listings, comprising residential and multi-family properties. There were 154 sold properties in June. While the average list price was $686,081, the average sales price was $529,065, the average list price shows to be increasing in July, which is good news for sellers.

In Onslow County, there were 1094 active and 506 new listings in June, comprising residential and multi-family properties. There were 537 sold properties in June. While the average list price was $686,081, it shows to be increasing to an average of $732,405 thus far in July. 

If you’re ready to buy or sell at the beach in Carteret or Onslow County, Carl Johnson Real Estate can help you at the Crystal Coast. Give us a call at Carl Johnson Real Estate--919-880-0904 to learn more about how we will help.
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