Hello Friends, welcome to February!
The most recent stats from the Triangle MLS show us how positive the market was in 2021.
As we begin 2022, the market continues to grow stronger and is an “ideal” time for most any seller because of ongoing buyer demand and inventory shortages. While we do reference it being a strong market, we also have empathy for the many buyers who are unable to secure a home, in light of multiple offers. Even though it can take several tries, we are side-by-side with our clients and being extra creative with their offers to eventually win!
If you have questions or need guidance, we are here and ready to assist you with all of your real estate needs.
MARKET UPDATE
2020 vs 2021 (Full Year Stats)
NEW LISTINGS: 49,835 vs 50,394 +1.1%
CLOSED SALES: 45,864 vs 47,787 +4.2%
MEDIAN SALE PRICE: $295,000 vs $345,000 +16.9%
TOTAL DOLLAR VOLUME: $15.52M vs $18.97M +22.2%
PERCENT OF LIST PRICE RECEIVED: 99.6% vs 102.9% +3.3%
DAYS ON MARKET UNTIL SALE: 26 days vs 13 days -50%
