Georgian Triangle Real Estate Market: February

February saw a sales/listings ratio dipping below 50% for the first time since 2015. Although we started the new year still in a seller's market, February's numbers have indicated a decline in sales. February volume sales were down significantly from the two previous years despite the fact that houses sold an average of 13 days faster than last year.

Listed below are some key points to keep you current and informed about what’s happening in your area.

  • February sales volume of $42,262,653, a notable dip of 41% from 2017’s record $71,156,986.
  • Unit sales for the month also down to 92, a 39% decrease from the previous year of 151.
  • New listings remained unchanged from last year at 215.
  • February’s sales to listing ratio was 43%, down 27% from last year at this time.
  • There were 39 expired listings in February.
  • Average days on the market was 59, down 6 days.
  • Finally, the region’s average sale price of a single-family home was $460,423 down just 6% from one year ago.

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