Georgian Triangle Real Estate Market: January

January’s numbers have revealed it’s still a seller’s market! The demand for listings remains to exceed the supply and the average days-on-market is down a week. With a healthy 62% sales/listings ratio it’s all great news if you are looking to sell your home.

Here are a few details to keep you informed and up to date with what's happening in your backyard.

  • Second-best ever January volume of $49,298,855, down 6% from 2017’s record $52,530,056
  • Unit sales for the month of January were 108, up 7%, compared to last year's 101
  • New listings also a little higher this month at 175, up 11% from the 2017’s numbers
  • 61 expired listings this month, up 65% from 37 for January of 2017
  • Average days on the market is 68, down 9% from last year’s 75 days
  • Lastly, the region’s average sale price of a single-family home is $456,471

For more information on your local market, request a full copy of the local market report and we will send it directly to your inbox.

Have questions about the current value of your home in this seller's market? We know a thing or two about valuing homes relative to the market conditions. Get a free home estimate here.