Housing activity in the Triangle shows significant improvement
Real estate in Raleigh-Durham, NC, is experiencing renewed signs of life. New numbers suggest that the local housing market in the Triangle is vastly improving, with certain counties displaying a jump in home sales.
According to WRAL News, home sales from January 2012 to April 2012 were up approximately 11.9 percent on a year-over-year basis. The Triangle area, which includes Durham County, Wake County and Johnston County, saw 6,355 closed sales in the period, which is up from 5,679 during the same time span in 2011.
Durham County saw the highest increase in sales at 18.7 percent, while Wake County and Johnston County experienced improving sales by 17.8 percent and 3.8 percent respectively.
When you consider moving to the Raleigh-Durham area, you may be able to purchase a high-valued home for a more affordable price. According to ZipDataMaps, the median asking price for property for some properties in Wake County is $233,022, but due to a lackluster marketplace, many sellers have settled for lower offers. The median home sales price in the county was well below the media asking price for houses at $140,936. Purchasing property today while costs are low may produce worthwhile financial gains when housing activity stabilizes in the future.