Let’s take you back a bit and look at this annual summary of 2012 – 2017. What a difference 5 years make, right? The number of closed sales rose dramatically. The DOM (Days on Market) went from 89 days in 2012 to 35 days in 2017, and YTD 2018 reports an average DOM to be 33.
Median sales prices have risen significantly
– and continue to rise even more sharply in 2018. Current YTD 2018 median sales price is $262K.
The real estate market in the Triangle area Raleigh, Durham and surrounding towns continues to be STRONG and all indications are it will remain a sellers market for the time being. The market may be reacting amid speculation and expectations around an Apple and Amazon business boom in the Triangle area.
If you are ready and interested in selling your home, please email Jill at jill@ncprorealty.com
