We just got great news AGAIN on our local real estate market. For the third quarter of 2012 and continuing the annual trend- Triangle home sales in Chapel Hill Durham and Raleigh, North Carolina are up 24% in both pending and SOLD homes!

 That is really exciting news since home showings are also up 12 % and the number of days on the market has gone down from 126 to 111 days. That 15 day decrease is really significant. Our inventory is down 23% from this time last year and that further supports the figure that homes are selling in the Chapel Hill, Durham, and Raleigh areas. Our inventory of new listings is up just 7% which means that the market is favorable to buying now- with great rates for loans and an active market it is just a matter of finding the right home to buy.

One new figure that local appraiser,  Stacey Anfidsen has started tracking is the number of contingent sales. Stacy reports that contingent sales are up 34% from this time last year.

 

Good news for jobs  locally is helping support stronger home sales in the third quarter. Employment is up in the "Triangle" area of N.C. as compared to other areas in the Tar Heel State and Nation. Unemployment is down locally to better figures, but still needs continued  improvement.

One final bit of good home inventory news is that the number of distressed properties is down to 9-10% of all homes for sale in our local  market- all in all a strong third quarter in Real Estate and great news if you are considering buying a home or selling a home in the Durham or Chapel Hill areas.



Masha Halpern has been selling homes in Chapel Hill and Durham for 20 years and is in the top 10 percent of Keller Williams Realtors in closed sales nationwide. Masha is also certified as a Luxury Home Marketing Specialist. Call Masha Halpern at 919-951-1780 or 877-478-4669,  if you are considering buying or selling a home.