Triangle Market Finishes Up In 2012

The Triangle housing market was up nearly 21% in 2012. In December, sales were up 26.6% for the month, compared to December 2011. The 2012 total number of homes sold in the Triangle was 23,829, versus a total of 19,733 were sold in 2011. Both the median and average prices in the region have been on a steady increase; the numbers were up 2.6% and 1.5% respectively. Additionally, the inventory of homes listed in the Triangle has dropped to a new low, meaning there is a limited supply, which will increase competition for homes on the market and help drive prices upwards. This is great news for the Triangle real estate market. To read the full story visit the Triangle Business Journal.