The Triangle Area Residential Realty Report (TARR Report) numbers are in for the 2nd quarter of 2008.
Published by Stacey P. Anfindsen, an active real estate appraiser, educator and consultant, the TARR Report is the premier publication for Real Estate statistics in the Triangle Area of North Carolina.
Here are some of the numbers for the 2nd quarter of 2008 for the Cary, Apex and Morrisville areas.
The average list price of homes in Apex has dropped by 4%, increased by 1% in Cary and dropped by 19% in Morrisville while the average sales price has increased in Apex by 1%, increased in Cary by 3% and increased in Morrisville by 7%.
The average days on the market in these areas is 77 for Apex and Cary and 90 for Morrisville.
Home sale prices for Apex are averaging $264,896. The average sales price for homes in Cary and Morrisville are $345,050 and $269,708 respectively.
There is currently a 6 month supply of homes on the market in Apex and Cary, while Morrisville has a 7 month supply.
Thankfully though, despite some numbers that aren't the greatest, the average annual appreciation for homes in this area is 4.68%. Compared with national numbers that number shows that we still have a strong market here in the Triangle region of North Carolina.
No comments:
Post a Comment