April Was A Hot Month

Dated: 05/03/2017

Views: 125

Traditionally, April is the busiest month for contracts in most of the region.  How busy was last month?  Let's look!

April 2017 Contracts April 2016 Contracts April 2017 Months of Inventory April 2016 Months of Inventory
Raleigh 990 993 3.8 4.2
Durham 559 549 2.6 3.3
Chapel Hill 209 231 4.0 5.1
Chatham County 130 134 4.4 4.1
Cary 312 326 2.7 2.5
Apex 194 194 2.3 3.8

If you were to just look at the number of contracts written, you might say that the market is slowing down.  However, if you take into consideration the months of supply, you'll see that in most places, there are simply fewer homes to choose from.  Only Cary and Chatham County saw increases in inventory, and those were modest gains.  

This spring looks to be just as hot - if not even hotter than 2016 as buyers try to lock in interest rates before expected increases over the next few months. 

Blog author image

Michael Cunningham

Michael Cunningham is a Real Estate Broker as well as the go-to tech and marketing wiz at Domicile Realty. A native of Tennessee, Michael arrived in Chapel Hill by way of Washington, DC where he help....

Latest Blog Posts

The Perks of Buying a Home in the Fall

As we close out a summer marked by rising home prices and limited supply, we’re conditioned to expect the inevitable end-of-season slowdown. But the change of season doesn’t

Read More

Hurricane Preparation

Be prepared.People across the Triangle are preparing for Hurricane Florence.  Feel overwhelmed?  Here are some resources to help you navigate what you should be doing.Always listen to

Read More

Decoding Personality: The Secret to a Happy (and beautiful) Home

     Relationships, values, and decisions- the intangible aspects of home that very much play into our happiness and satisfaction. Understanding different personality types may

Read More

Make the Switch to Briar Chapel!

Thinking about making a "switch" this year?  Come visit the fastest growing neighborhood in all of North Carolina, this Saturday from 1-4pm and tour all of Domicile Realty's fantastic homes for

Read More