HOW DID 2018 SHAPE UP IN RESIDENTIAL REAL ESTATE?

A QUICK LOOK AT THE RESIDENTIAL REAL ESTATE MARKET FOR 2018

2018 was a very interesting year in real estate here in the Triangle, NC.  Some good news, some OK news, and some not-so-great news.

Let's get right to the numbers:

The number of closed sales were kinda, meh, compared to last year at +0.2% 

 The number of DOM (days on market) was down 14.3% and really great at only 30.  Selling a home in only a month is fantastic, demonstrating that demand is there.

 The Median Sales Price was $266K --- up 6.4% --- great news for home sellers!

Percent of Original List Price Received was 98.4% --- up 0.4%.  This means, that the actual price the home sold for was 98.4% of the asking.  Translation:  Buyers don’t expect to come in with low bids.

Source:  Triangle Multiple Listing Services

 

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