Sales in the Triangle region were up 4.6 percent to 1,900. New listings increased 1.3 percent to 3,774. Pending Sales were up 20.4 percent to 2,272. Inventory levels shrank 27.3 percent to 14,111 units.
Prices enjoyed a boost. The Median Sales Price increased 3.9 percent to $190,000. Days on Market was down 2.1 percent to 125 days. The supply-demand balance stabilized as Months Supply of Inventory was down 29.0 percent to 8.3 months.
Source: triangle MLS