Local Market Trends: July 2020
The Triangle MLS has just released last month’s market update. Click here to watch a quick video for a look into the Triangle’s Market Stats.
June 2020 – July 2020
- Median sales were up 3.4%
- Average sales up 2.2%
- Days on the market stayed the same at 27 days
- Inventory was down .2%
- Closed sales were up 6.1%
- New Listings were up 11.1%
June 2019 vs June 2020
The median sales were up 7.1% as well as the average sales which were up 5.5%. The overall average of days on market was up 3.8%. Inventory is down 37%, closed sales were up 9% and new listings were up 9%. With inventory at an all-time low, now is the time to list your house! All you need is a great representation for buying or selling and I’m your guy.
Watch to see the rest of the trends in the Triangle during July.
https://www.youtube.com/watch?v=1iN2yVjEAg4
For previous Market Trends and more information on the Triangle MLS, click here.
Looking to buy or sell your home during this time? I would love to help! Give me a call at 919-438-0548 or send me an email at Ryan@HudsonResidential.com to discuss.