October 2011 Recap

Wondering How the Triangle Real Estate Market is Looking?

Real estate activity in the Triangle MLS was mixed for the month of October…

  • Homes sold in October 2011 vs October 2010 = 1,492 vs 1,336 representing an increase of 11.7%
  • At the end of October 2011 the inventory of homes for sale was 15,078 vs 18,966 in October 2010, a decrease of 20.5%
  • Unfortunately the Days on Market until sale saw an increase of 14.2% for the same period with an average of 126 in October 2011 vs 110 in October 2010

The Triangle unemployment rate dropped to 8.3%, below the national average.

If you’re considering moving to Raleigh or the Triangle area of North Carolina, or even if you’re planning on selling a home in or around Wake County, it’s important to have the right information.

Our Triangle market report will give you a good overview of how detached homes for sale in our area of NC performed in the Triangle Real Estate Market during the month of October 2011.

The chart to the left breaks down the percentages of:

  • new active homes listed in October

  • total homes for sale (active)

  • homes that sold

  • homes under contract (pending) at the end of October 2011







For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual October 2011 area market reports:

To break down the information above even further, the table below details Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by how many:

  • New Active homes entered the housing market in October
  • Total Active homes were listed during the month (excludes the # of New Active homes as not to be redundant or skew the numbers)
  • Homes Closed during October
  • Homes that went under contract (Pending) during October
  • Average Days on the Market homes were listed before closing







Average Number of Days on the Market before Closing

The graph below indicates the average number of days a single family detached home remained on the market (includes only those homes that closed in October 2011).

If you are selling your Triangle home this should help give a quick overview of how long you can expect it will take to sell your home, IF it is priced right. Again the table above lists the average days on the market for those homes that were closed during October 2011.

If you are interested in finding out how your home stacks up against the competition, we offer a free Comparative Market Analysis. If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section or request a free pamphlet on how to get your home sold fast. When you’re ready, contact us and we’ll work together to get your home sold.

The information below will give an idea of what your options are as home buyers.

Triangle Homes for Sale - October 2011

Triangle Homes for Sale - October 2011

Homes Under Contract During November 2011

Homes Under Contract During November 2011

Number of Homes that Sold in October 2011

Number of Homes that Sold in October 2011

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings as they enter the Triangle real estate market.

Should you have any questions regarding the information above or if you would like more detailed information please don’t hesitate to contact us.

We’re always happy to answer questions, listen to concerns and work together. Whether you are buying or selling a home, we are here to create a smooth transition and fulfill your real estate needs.

Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor is a registered trademark of the National Association of Realtors.