Source: Doorify MLS – 18 counties, single-family + condos
⚖️ A Mixed Bag of Market Signals
The Triangle housing market is showing both opportunities and caution signs this month. Here’s what we’re seeing:
🔼 What’s Holding Strong
- 🏠 Median Sales Price:
$419,900 — up 1.2% from April
→ Prices are ticking up month-over-month, showing steady buyer demand. - 📈 Closed Sales:
3,461 — up 13.6% from April
→ Buyer activity rebounded after a quieter spring start. - 🏡 New Listings:
5,236 — up 13.5% YOY
→ More sellers are entering the market. That’s good news for buyers waiting for more options.
🔽 What to Keep an Eye On
- 📉 Median Sold Price per SqFt:
$214 — down 0.5% from last month, 2.3% YOY
→ While overall sales prices are up, buyers may be getting more space for their money. - ⏳ Days on Market:
19 days — holding steady, month over month, but up from last year’s ultra-fast pace
→ Homes are still selling relatively quickly, but not at last year’s frenzied pace. - 📉 Months of Inventory:
2.9 — down slightly from April
→ Supply remains tight, but is trending toward a more balanced market over time.
🤔 What This Means for You
- Sellers: Pricing matters more than ever. With price per square foot slipping, buyers are watching value closely—even in a market that’s still favorable to you.
- Buyers: More choices are hitting the market, and you may find a bit more wiggle room than you did last year. But well-priced homes? Still move quickly.
📲 Ready to talk strategy?
Whether you’re buying, selling, or just watching the market, we’re here to help you navigate it all confidently!