If you’ve been wondering when is the right time to sell your Triangle-area listing, let’s discuss the latest stats on available listings in our market…
Compared with June 2019’s 8,998 homes listed for the sale within the local multiple listing service (Triangle MLS), June 2020 presented just 5,976 listings available for sale – a 33.56% reduction year over year.
In Durham County specifically, the listing volume is down 21%. In Wake County, the number of listings is down 35%. And in Chatham County, a full 39% reduction was seen in June.
This doesn’t mean that the market is holding a lot of stale listings, either… in Durham, under contract pending sales increased 9%; in Wake County, they increased 20%; and Chatham County measured a 51% increase in year over year transactions placed under contract.
Renée Hillman, Team Leader
Certified Luxury Home Marketing Specialist
Certified Residential Specialist (CRS)