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market report august 2011: Market Report - Triangle Area, NC - 10/20/11 01:06 PM

 
Market Update
August, 2011
Great month in terms of closed, pending and total inventory.
Closed - Up 23% from August, 2010
Pending - Up 51% from August, 2010
Total Inventory Down 19%
Days on market showed an increase.  Average DOM was 121 days for August closings which was up 30 days from August a year ago.
It's extremely important to price your home right.  Trends show an almost 4 month penalty for overpricing.
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Teresa & Lee Fowler

Hillsborough, NC

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Fowler Advantage Keller Williams Preferred Realty

Address: 1107 S Fifth Street, Suite 100, Mebane, NC, 27302

Office Phone: (919) 563-0011

Cell Phone: (919) 810-7268

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