Triangle Housing Market Remains Strong During COVID 19 Pandemic
In case you’re wondering how the Triangle real estate market has fared over the last several weeks, you’re probably not alone. Whether you’re look to buy or perhaps looking to sell, navigating the housing market during a pandemic isn’t something any of us have had prior experience with until now.
But thanks to modern technology that allow us to work and show homes virtually, home sales throughout the Raleigh-Durham area have maintained quite well.
According to the latest numbers from the Triangle Multiple Listing Service, closed sales are up nearly 7% from January through April compared to the same timeframe a year ago, and many homes that are selling are moving rather quickly as well.
Additionally, the median sales price for a home in the Triangle has also been steadily on the rise since January, jumping from 275,900 to $290,000 over the first four months of the year.