Triangle Housing Market Stays Hot In July

Triangle home sales showed no signs of slowing in July according to the Triangle Multiple Listing Service database. Both the pace and the price of home sales in the Triangle market has continued to rise. Sales were up 34% in July when compared to July 2012. The median sale price was $202, 559, which is up 5.5% over the previous year, and the average sale price was also up by 5.1% year-over-year. The average days on market for homes on the Triangle Multiple Listing Service stood at 95 days during the month of July, which is down from the average 115 days for the same period a year ago. To read more visit the Triangle Business Journal.