It may surprise you, but the Triangle market is doing well amid COVID-19.
How is the Triangle housing market faring during the pandemic? It might surprise you, but our real estate market is doing fairly well. While listings decreased by 3.5% in April, closed sales for the year have increased by 6.9%. The median sales price is up 5.6% from 2019.
The average sale price has increased by 5.2% compared to 2019. The number of people receiving list price for their homes is up .2% year over year to 98.1%. Days on market has decreased by two days, for an average of 35 days. As you can see, the Triangle housing market is doing reasonably well.
If you have any real estate needs, know that people are still moving and pursuing real estate goals during the health crisis. If we can help in any way, including answering your questions or covering a topic you’d like to see in a future video, please give us a call or send an email. We would love to hear from you.