The Triangle Multiple Listing Services recently released November 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 November 2019 and November 2018 one year ago.
As indicated in the table below, listing volume was down slightly from a year ago, while closed sales and median sales price were both up between 3 and 4 percent. The inventory of homes for sale was down between 10 and 15 percent from a year ago, depending on the method of measurement.
Year to date – median sales prices for existing homes were up about 4.5 percent versus 2018.
According to a recent press release by the Wake County Register of Deeds, the value of all real estate transactions in the County was 3% greater for the third quarter of 2019 versus the third quarter of 2018. Lending activity was up about 30% compared to the third quarter of 2018. The median value of a real estate sale was $303,000 in the third quarter of 2019. The data applies to all real estate transactions, including residential and commercial. However, transactions under $1 million, which includes the vast majority of single-family homes, account for 97% of all transactions. The conclusion is that the Wake County real estate market continues to be robust. To read more, read the press release at www.wakegov.com/news.
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