Home > Blogs > Sharon Kowitz > Sharon Kowitz's Blog ~ Kowitz Realty ~ Relocation Specialist Certified ~ Cary NC ~ Raleigh NC ~ All Around The Triangle NC

Market Trends For The Triangle for January 2018

By Sharon Kowitz

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

February 20, 2018 04:07 PM

Market Trends For The Triangle for January

Units Sold-1981

Compared to Last Year-Up 1%

Active Inventory-5,708

Compared to Last Year-Down 19%

Median Sale Price-$259,900

Compared to Last Year-Up 10%

Days on Market-50

Compared to Last Year-Down 7%

New Listings-3,080

Compared to Last Year-No Change from Last Year

Current Contracts-2,827

Compared to Last Year-Up 14%

Sold vs. List Price-98.6%

Compared to Last Year-No Change Vs. Last Year

Months of Supply-2.9

Compared to Last Year-Down 20%

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~

Re-Blog

Comments(2)

Comment

Show All Comments

Sort:

Jennifer Hollowell - REALTOR®

RE/MAX Realty Consultants - Greensboro, NC

Certified distressed property expert

Hey Sharon- I noticed you are a relocation specialist. Do have trouble in this market finding buyers a home while they still have a home to sell? how do you handle that? We dont really do contigent sales anymore and most sellers I have spoken to are afraid thier home will sell way too fast for them to find something..so they want to secure a home first. But to secure a home first the "other" seller would have to consider this to be a contigency- and far less favorable than other offers. Especially with lack of inventory and mulitple offers. How do you secure the person a home if thiers has not sold? (Like the chicken before the egg thing) any insight?

Feb 20, 2018 04:33 PM

Sharon Kowitz

CRS-SRES-ABR-GRI-E-Pro-CREN ~ COMPASS RE - Cary, NC

Cary, NC Relocation Specialist ~ Buying or Selling

Morning Jennifer Hollowell,

We are finding it very hard to do contingency offers in multiple offers.

Cash is King - in a higher price point home that has been on the market longer we can get a contingency through if my clients home looks like it will sell pretty quickly.

Best of luck in your market...anything over here in the Trinangle under 300k is selling quickly. Homes over 475k take a bit longer due to new construction competition.

Feb 21, 2018 05:47 AM

Market Trends For The Triangle for January 2018

Comments(2)

Sharon Kowitz

Service Areas

Real Estate Resources

Recent Posts

Additional Information