Durham Real Estate Blog

Triangle Market Report: September 2018

Triangle Housing Market Update

New housing data from The Durham Regional Association of REALTORS® and The Triangle Multiple Listing Service was recently released for September, which we summarized below.

In Durham County, new listings dropped by over 17 percent last month compared to September of 2017, continuing to tighten inventory in an already limited market for home buyers. With the overall inventory falling 10.5 percent, market supply is now at 1.7 months and far from what’s considered a healthy market. 

Not surprisingly, the median sales price in Durham County jumped 7.9 percent in September to $245,000, while contract sales dropped 5.2 percent...

Cary's Growth Leaving Little Room For More New Development

Cary NC New Construction

Job growth, population growth, and commercial and residential development have all been trending upwards in recent months throughout the Triangle Area, but one city in particular seems to be expanding faster than ever.

According to a recent report from The News & Observer, only 18 percent of land within the Cary city limits remains available for new development, and the areas just west of State Road 55 and north of Green Level West Road represent the only opportunities for another major development to be added.

Right now, Cary has 60 projects in various stages of the development or construction...