Report: Central NC housing market on the upswing
Triangle Multiple Listing Service, which compiles home sales data for Wake, Durham, Orange and 13 other counties, said sales are up, inventory is down and homes are holding on to more of their property value.
Posted — UpdatedTriangle Multiple Listing Service, which compiles home sales data for Wake, Durham, Orange and 13 other counties, said sales are up, inventory is down and homes are holding on to more of their property value.
New listings were up 7.5 percent to 3,240 in August, compared with the same month last year.
Pending sales in August were up 26.4 percent to 2,310, compared with the same month last year.
Inventory levels shrank 25.3 percent to 13,052 in that time, while the median sale price increased 3.8 percent to $192,000, according to the report.
Ray Larcher, president of Triangle MLS, said the numbers reflect a recovering economy.
• Credits
Copyright 2024 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.