Georgian Triangle Real Estate Market Report – May 2018

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OVERVIEW

SLOW UNIT SALES, FEWER LISTINGS, HIGHER PRICES

YEAR-TO-DATE SALES VOLUME OF $375,708,182
Down 25% from 2017’s record $501,067,105, with units of 770 down 26% from 2017’s 1041.

New listings of 1327 are down 8% from 2017, with the sales/listings ratio of 58% down 14%.

MAY SALES VOLUME OF $102,789,936

Down 27% from 2017’s all-time record $140,941,497. Units of 194 were down 32% from last May’s 287, with listings of 372 down 16%, and the sales/listing ratio of 52% down 13%.

YEAR-TO-DATE AVERAGE SALE PRICE OF $487,933
Up 1% from the $481,332 of one year ago. Average days-on-market of 46 up 4 days.

To see the full reports click on the links below:

May 2018 – Georgian Triangle Market Report – sml

May 2018 – Georgian Triangle Market Snapshot

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