Local Market Updates
* Updated by the 15th each month for prior month
The Triangle Multiple Listing Service (TMLS) reports the following information pertaining to the greater Triangle region's housing industry during April 2022. The data shown reflects information on properties located in the 16 counties of the greater Triangle Region. The percentage changes are comparisons with the prior year unless otherwise noted.
New Listings in the Triangle region were up 0.2 percent to 4,783. Under
Contract Sales were down 7.4 percent to 4,077. Inventory levels fell 10.5 percent to 2,740 units. Closed sales were down 7 percent to 3,753.
The Median Sales Price increased by 25.8 percent to $415,000. Days on Market was down 28.6 percent to 10 days. Sellers were encouraged as Months' Supply of Inventory was the same at percent to 0.7 months.
The Year to Date Housing Affordability Index was at 71, which is 31 percent less than April 2021. This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number indicates greater affordability.