NEW at the bottom of this blog page be sure to see the data about two counties at The Crystal Coast. Across the entire Triangle Region, there was a 22.1% decrease in listings in May. The number of closed sales also decreased between 2022 and 2023, falling from 4,069 to 3,555 or by 12.6%. The median sales price was reported as $410,000, while units stay on the market for an average of 22 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 others parts of the Triangle we are seeing an increase in pricing. In Chatham County, there was a 33.3% decrease in new listings in May. The number of closed sales increased between 2022 and 2023, rising from 136 to 147 or by 8.1%. The median sales price increased by 5.1%, which meant in May, Chatham County's median sales price was on par with the median sales price for all MLS listings. In Durham County, closed sales have decreased 18.1% year to date. Median sales price has decreased 1.4% when compared to April last year, falling from $420,875 to $415,051. In May, the Durham County median sales price overall was lower compared to the median sales price of all MLS listings. The number of listings in Orange County has decreased by 5.8%, from 207 new listings year to date last year to 195 new listings this year. There was a 7.6% decrease in closed sales. Additionally, the median sales price decreased by 9.5%, from $525,000 to $4507,000. In May, 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 has decreased by 12.2%, from 49 new listings year to date last year to 43 new listings this year. There was a 12.5% decrease in closed sales. The median sales price, however, decreased by less than 1%. In May, 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 28.9% in the number of new listings year to date compared to last year. The number of closed sales decreased 16.8% percent. The median sales prices decreased by less than 1% year to date, falling to $485,000, which is still higher than the median sales price for all MLS listings. In Carteret County, there were 156 new listings, comprising residential and multi-family properties. There were 145 sold properties between May and June. While the average list price was $654,689, the average sales price was $436,681, the average list price shows to be increasing in June, which is good news for sellers. In Onslow County, there were 484 new listings, comprising residential and multi-family properties. There were 481 sold properties between May and June. While the average list price was $389,032, which shows to be increasing significantly in June, the average sales price was $310,619. 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 can help get you to where you want and need to be.
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