Taking a Look at Activity in the Triangle Market

A lot has been happening in the Triangle market this year, and we have interest from all over the world.

A lot has been happening in the market here in the Triangle and I wanted to give you a quick update.

To start, year to date closed sales are up 7%, and for the month of August, closed sales are up 13% here in the Triangle. Yes, this information is from the end of the third quarter, but it gives you an idea of where the market is going.

August was was a blowout month with 13% gain compared to August last year. We also see that distressed property is now at a 43% inventory rate, overall inventory has decreased 10%, and home inventory has increased 2%.

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A lot has been happening in the Triangle market.

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What does this tell us? Homes are selling here in the Triangle! As an agent here, I can tell you that it's difficult to even find homes here because they're selling so fast.

We also saw that 17% of closed sales were financed all by cash, and the monthly housing supply is two months' worth. This means that supply is very low.

If you're looking for a home or even an investment opportunity, the Triangle might be a perfect fit. If you have any questions, give me a call and let's talk soon!