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July 2021 Quick Facts
September 08, 2021

“After months of declines, the inventory of homes for sale nationwide is beginning to increase as more sellers come to the market, looking to capitalize on record-high sales prices while providing a much-need boost of supply to America’s epic housing shortage. This is encouraging news for home buyers, who have struggled with a lack of supply and rocketing sales prices during the pandemic. For the 12-month period spanning August 2020 through July 2021, Under Contract Sales in Triangle area were up 11.7 percent overall. The price range with the largest gain in sales was the $309,000 or More range, where they increased 35.9 percent.

The overall Median Sales Price was up 12.1 percent to $319,500. The property type with the largest price gain was the Single Family Homes segment, where prices increased 13.3 percent to $339,900. The price range that tended to sell the quickest was the $199,000 to $308,999 range at 12 days; the price range that tended to sell the slowest was the $136,999 or Less range at 30 days.

Market-wide, inventory levels were down 53.2 percent. The property type that lost the least inventory was the Townhouse-Condo segment, where it decreased 51.1 percent. That amounts to 0.7 months supply for Single Family homes and 0.6 months supply for Townhouse-Condo.”


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