September Market Update
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.
Below please find the September 2020 Market Update by County for the Triangle.
In Chatham County, there was a 6.8 percent decrease in the number of new listings in August, year to date, compared to last year, which decreased from 1,390 to 1,295. The number of closed sales increased from 979 to 1,061, a 8.4 percent increase. Median sales prices also increased by 7.5 percent. In August 2020, Chatham County median sales price exceeded the median sales price for all MLS listings.
In Durham County, new listings decreased by 6.3 percent and closed sales have decreased by 0.7 percent year to date. Median sales price has increased 5.4 percent from this time last year, moving from $279,990 to $295,000. Average sales price increased by 6.3 percent year to date. In 2020, the Durham County median sales price have been higher than the median sales price of all MLS listings.
The number of listings in Orange County has decreased by 14.5 percent, from 1,925 new listings year to date last year to 1,646 new listings this year. There was a 6 percent decrease in closed sales. Additionally, median sales price increased by 2.5 percent, from $317,000 to $325,000. In 2020, Orange County median sales price has been below the median sales price for all MLS listings.
In Wake County, there was a decrease of 3.9 percent in the number of new listings year to date compared to last year, which decreased from 20,255 to 19,474. The number of closed sales increased 4.8 percent from 16,061 to 16,831. Median sales prices also increased by 7.9% for August compared to August 2019. Compared to the median sales price for all MLS listings, Wake County median sales price were higher in August.
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