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Market Data / Stats

Local Market Updates

* Updated by the 15th each month for prior month

JANUARY 2023 Market Reports

U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning to come out of the woodwork, with NAR forecasting a 13% increase in existing-home sales this year compared to 2023.

New Listings in the Triangle Region increased 17.2 percent to 3,507. Under Contract Sales homes decreased 0.4 percent . Inventory decreased 25.9 percent to 5,506.

Median Sales Price decreased 1.1 percent from $385,150 to $381,000. Days on Market decreased 7.1 percent to 52. Months Supply of Inventory decreased 17.4 percent to 1.9.

 

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