Triad Monthly Market Update – Feb 2017
The real estate market continues to build momentum as we head into Spring. Take a look at this…
The number of properties that closed in January was up 12% YTD vs 2016!
- Over the last 12 months, resale closed properties have increased by 15.4% with the average price improving by 3.5%
- The total number of active listings, whether looking at the overall market or just new construction, are down by 35% vs 2015.
- By comparing active listings to total sales during the last 12 months there is currently a 4.1 month supply of inventory, both overall and for newly built homes.
I hope you find this information useful! As always, if I can ever be of any help to you, or your friends and family, I do hope you’ll text, call, or email me at your convenience! And thank you for all your referrals!
