March Real Estate Round up for the Triangle area of NC
The Triangle area real estate activity (via Triangle MLS) in March was strong!
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Homes sold in March 2012 vs March 2011 = 1,794 vs 1,614 representing an increase of 11.2%
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At the end of March 2012 the inventory of homes for sale was 13,714 vs 19,008 in March 2011, a decrease of 27.9%
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The Days on Market until sale increased by 2.9% for the same period with an average of 135 in March 2012 vs 131 in March 2011
The Triangle unemployment rate dropped to 8.2% in February, down from 8.4% in January and from 8.7% in February, 2011.
If you’re considering moving to Raleigh or the Triangle area of North Carolina, or even if you’re planning on selling a home in or around Wake County, it’s important to have the right information.
Our Triangle market report will give you a good overview of how detached homes for sale in our area of NC performed in the Triangle Real Estate Market during the month of March 2012.
The chart to the left breaks down the percentages of:
- New active homes listed in March
- Total homes for sale (active)
- Homes that sold
- Homes under contract (pending) at the end of March 2012
For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:
- Wake County NC Real Estate Recap
- Raleigh NC Real Estate Recap
- Cary NC Real Estate Recap
- Holly Springs NC Real Estate Recap
- Morrisville NC Real Estate Recap
- Apex NC Real Estate Recap
- Wake Forest NC Real Estate Recap
- Garner NC Real Estate Recap
- Fuquay Varina NC Real Estate Recap
- Knightdale NC Real Estate Recap
To break down the information above even further, the table below details Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by how many:
- New Active homes entered the housing market in March
- Total Active homes were listed during the month (excludes the # of New Active homes as not to be redundant or skew the numbers)
- Homes Closed during March
- Homes that went under contract (Pending) last month
- Average Days on the Market homes were listed before closing
Average Number of Days on the Market before Closing
The graph to the left indicates the average number of days a single family detached home remained on the market (includes only those homes that closed in March 2012).
If you are selling your Triangle home this should help give a quick overview of how long you can expect it will take to sell your home, IF it is priced right. Again the table above lists the average days on the market for those homes that were closed during March 2012.
If you are interested in finding out how your home stacks up against the competition, we offer a free Comparative Market Analysis. If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section or request a free pamphlet on how to get your home sold fast. When you’re ready, contact us and we’ll work together to get your home sold.
The information below will give an idea of what your options are as home buyers.
Triangle Homes for Sale Homes Under Contract
Number of Homes that Sold in March 2012
If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings as they enter the Triangle real estate market.
Should you have any questions regarding the information above or if you would like more detailed information please don’t hesitate to contact us.
We’re always happy to answer questions, listen to concerns and work together. Whether you are buying or selling a home, we are here to create a smooth transition and fulfill your real estate needs.
Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.
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