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Market Trends for Durham for October 2017

By
Real Estate Agent with CRS-SRES-ABR-GRI-E-Pro-CREN ~ COMPASS RE 228537

Market Trends for the Triangle for

October 2017

 

Units Sold-2,897

Compared to Last Year-Up 3%

 

Active Inventory-7,150

Compared to Last Year-Down 16%

 

Median Sale Price-$257,000

Compared to Last Year-Up 8%

 

Days on Market-43

Compared to Last Year-Down 4%

 

New Listings-3,287

Compared to Last Year-Up 6%

 

Current Contracts-3,037

Compared to Last Year-Up 20%

 

Sold vs. List Price-98.9%

Compared to Last Year-No Change

 

Months of Supply-2.5

Compared to Last Year-Down 18%

 

Market Trends for Durham for

October 2017

 

Units Sold-369

Compared to Last Year-Down 2%

 

Active Inventory-611

Compared to Last Year-Down 33%

 

Median Sale Price-$228,000

Compared to Last Year-Up 14%

 

Days on Market-26

Compared to Last Year-Down 32%

 

New Listings-389

Compared to Last Year-Down 1%

 

Current Contracts-380

Compared to Last Year-Up 17%

 

Sold vs. List Price-99.3%

Compared to Last Year-No Change Vs. Last Year

 

Months of Supply-1.7

Compared to Last Year-Down 31%

 

 

Are you ready to Sell? Ready to Buy? Call me Today! The Triangle Real Estate Market is Ready for you! Your Triangle Relocation Specialist & Certified Residential Specialist~

Top 25 in the Triangle

Posted by

 

 

Sharon Kowitz
www.kowitzrealty.com

Relocation Certified Specialist
Broker/REALTOR
Gold Sales Club - Top Producer
CRS-GRI-ABR-E-Pro-SRES-LHMSM-CREN

Cell: 919-417-4367
skowitz@fmrealty.com

 

 

Comments(2)

Eleanor Thorne
Equity Resources - Cary, NC
Advantage Lending 919-649-5058

Sharon, the numbers don't lie!  Inventory is down, and interest is up, especially with mortgage rates headed higher.  Great information about housing in the Raleigh Durham real estate markets.

Dec 04, 2017 09:21 AM
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Thank you for keeping us all in the loop on this. Best of luck!

Dec 04, 2017 11:42 AM