The Triangle Multiple Listing Service (TMLS) reports the following information pertaining to the housing industry in the greater Triangle region during December 2018. The data shown reflects information on properties located in the 16 counties of the greater Triangle Region. The percentage changes are comparisons with the prior year unless otherwise noted.
New listings in the Triangle region decreased 2.0 percent to 2,185. Under Contract Sales were up 6.3percent to 2,258. Inventory of homes for sale were up 2.6 percent to 7,705 units. Closed sales decreased 9.0 percent to 2,904.
Prices continued to gain traction. The Median Sales Price increased 4.9 percent to $269,500. Days on Market was down 12.8 percent to 34 days. Months Supply of Inventory remained unchanged at 2.3 months.
The Year to Date Housing Affordability Index was at 127, which is 3.3 percent lower than December 2016. This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Full Market Statistics are available through Triangle MLS.