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Triangle NC Real Estate Market Update for December 2019

The Triangle Multiple Listing Services (TMLS) recently released December 2019 information for the Triangle NC real estate market over the past month and year.

That information includes numbers for new listings, closed sales, sales prices, volume, days on market, and inventory of homes for sale, comparing the figures for December 2019 and December 2018 one year ago. Here are some of the highlights from the TMLS Market Update:

  • Showings: +12%
  • Point in time inventory: -5%
  • Houses listed during the month: +6%
  • Pending sales current status: +4%
  • Pending sales during the month: +15%
  • Overall closed sales: +25%
  • Resale closed sales: +31%
  • Full year 2019 closed sales: +6%
  • Overall average sales price: +4%
  • Resale average sales price: +8%
  • Average days on market: 55
  • Months of housing supply: 2 months
More detailed information is presented in an 8-minute video from the Triangle MLS HERE.

The graph below illustrates the 4-year trend in median sales prices for homes in the TMLS coverage area comprised of Durham, Johnston, Orange, and Wake Counties in North Carolina.

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