Triangle Home Market August 2013

Posted on

The results for August homes sales are in for the Triangle.  2013 continues to see lower inventory in all of the Triangle markets.  In August we saw Wake County’s inventory drop below three months to 2.9.  Durham County and Orange County dropped to 3.3 and 3.7 respectively.  

Prices are continuing to rise despite the increase in interest rates.  Average sales price in Wake County was $262k.  Durham was $203k and Orange was $336k

Average Days on Market for Wake County was 84.  Durham 96 and Orange 94.

What does this mean?  Right now there is a slight sellers market going on.  Inventory is needed to balance out the demand for the buyers out there.  Whether you are buying or selling, it is a great time to get in on the action.  Email me at welcomehomerealtync@gmail.com if you have any questions about the market in the Triangle, NC area.

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s