The Triangle housing market continues to show signs of improvement.
A total of 4,471 homes sold in Durham, Johnston, Orange and Wake Counties during the third quarter, up 17% from teh same period a year ago. ( triangle MLS data )
Pending sales were up 27% and showings increased 7%.
Some of the increase can be attributed to the act that the federal homebuyer tax credits expired at the end of June last year. Meaning sales dropped off immediately afterwords.
Inventory of homes on the market continues to decline, which is allowing current home prices to stabilize.