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.
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.