Triangle Home Sales Rise 5 % in October

Triangle home sales rise 5 percent in October

“Triangle home sales increased 5 percent in October, as a lack of inventory continued to push up prices and reduce the time it takes for many sellers to find a buyer…..

….The total number of homes for sale continues to fall, declining 7 percent compared with October 2014 to 6,742.

The Triangle market has now recorded 14 straight months of year-over-year inventory declines and 18 straight months of year-over-year sales increases…

….Although Triangle inventory levels are at historic lows, the most acute shortages are for homes priced under $300,000 in the most desirable neighborhoods in places such as Cary, North Raleigh and inside the Beltline.

Other areas of Wake County continue to have plenty of inventory, Wood said.” as reported by NewsObserver.

http://www.newsobserver.com/news/business/real-estate-news/article44107659.html