Georgian Triangle Real Estate Market Report – February 2019

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SOLID FEBRUARY SALES, HIGHER PRICES, FEWER LISTINGS

YEAR-TO-DATE SALES VOLUME OF $110,324,686
Up 22% from 2018’s $90,094,398, with units of 202 up 2% from 2018’s 198. New listings of 386 were down 3% from 2018, with the sales/listings ratio of 52% up 2%.

FEBRUARY SALES VOLUME OF $60,385,236

Up 43% from 2018’s $42,114,643. Units of 116 up 25% from last February’s 93. New listings of192 were down 11% from last February, while the sales/listing ratio of 60% was up 17%.

YEAR-TO-DATE AVERAGE SALE PRICE OF $546,162
Up 20% from the $455,022 of one year ago. Average days-on-market of 69 is up 11 days.

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