Second quarter 2010 housing statistics


The current supply of all housing within the four main counties is 4 months based upon closings this quarter, the same as for second quarter 2009.
As for the month of June, (percentage change figures stated are compared to 2009), for the entire region, closings were up 13.5 percent, and the median sales price was up 7.5 percent. The average number of days on the market was 100, and the percent of original list price received at sale was 96.9 percent. Individual counties had the following activities:

 Wake – Closings were up 11.6 percent, and the median sales price was up 10 percent. The average number of days on the market was 99, and the percent of original list price received at salewas 97.2 percent.
 Durham – Closings were up 12.3 percent, and the median sales price was up 1.5 percent. The average number of days on the market was 78, and the percent of original list price received at salewas 96.7 percent.
 Orange – Closings were up 7.3 percent, and the median sales price was up 11.4 percent. The average number of days on the market was 90, and the percent of original list price received at salewas 96.8 percent.
 Johnston – Closings were up 1.5 percent, and the median sales price was up 9.3 percent. The average number of days on the market was 122, and the percent of original list price received at salewas 97.7 percent.

Source: About Triangle MLS, Inc.:
Triangle MLS, Inc. (TMLS) is a regional multiple listing service with a jurisdiction covering 16 counties in the greater Triangle region of North Carolina.

Median Sales Price* $186,000 $199,945 + 7.5% $182,000 $186,000 + 2.2%
Average Sales Price* $233,289 $240,697 + 3.2% $225,047 $224,693 – 0.2%

Percent of Original List Price Received at Sale* 96.9% 96.9% + 0.0% 96.3% 96.6% + 0.2%
Average Days on Market Until Sale 96 100 + 3.9% 102 102 – 0.6%

Supply and Demand are balance when DOM equals 90 days

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About Raleigh Homes Info

Greetings, My name is Tom Bohlmann. I am Allen Tate Realtor / Broker in the Raleigh, Durham, Wake Forest, Cary North Carolina areas. Your Home Search starts here: http://www.allentate.com/tombohlmann I have been involved in the Raleigh area real estate investing since 1995. I know all the ins and outs of many many different area markets that the average or even above average Realtor does not know. Give me a call or email so we can talk about your Real Estate Needs. Tom 919-543-5714
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