brought to you by

Monthly Archives: April, 2011

First quarter report: New home construction

Even in this recession, Raleigh is a growing city and the new home market is important to our economy. Following are a few notes about the current state of our new home market: 1st quarter 2011 compared to 1st quarter 2010: New home inventory is down 18% Current inventory of new homes is 9 months based on the sales pace of the 1Q/11 compare to 10 months in 1Q/10Read more about First quarter report: New home construction

Raleigh Area Property Showings

I have updated my graph of monthly showing appointments to include March, 2011. These numbers represent the number of appointments that real estate agents have scheduled to view properties for sale with their clients. The entire Triangle region is included here along with areas of Johnston County, Chatham County, Granville and Franklin Counties. As expected, showings have declined. This is no surprise since we are still up against theRead more about Raleigh Area Property Showings

Triangle Home Sales & Showings Down in 2011

A recent report in the News & Observer shows that first quarter home sales for the Triangle market are down 8% compared to the same quarter 2010. There were 3,041 homes sold during the first three months of the year in Durham, Johnston, Orange and Wake counties, Triangle Multiple Listing Services data show. That was down 8 percent from the same period a year ago. Showings for the quarter wereRead more about Triangle Home Sales & Showings Down in 2011