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Triangle Housing Market Heating Up

Triangle home sales are up 30% in the second quarter of this year. Driving sales is the limited inventory of homes for sale; according to the TMLS, the Triangle only has a three-month supply of homes on the market at the current sales pace. The lack of available homes is driving prices up and helping people sell their homes faster. The average number of days on market for a Triangle home was down by 18 days in June over the previous year. Additionally, traffic is up; showings in June were up 19% over last year and pending sales have increased by 23%. To read more on the Triangle housing market conditions visit the News & Observer.

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