You’ll notice in the data below that Cary, Apex and Wake Forest are not experiencing the same price increases as other towns in the Triangle. Remember that this data is based on the median price, so for example, homes in Cary in the $200’s may still be seeing larger price increases, but that median price point of $373,000 does not appear to be continuing the increase as quickly as it has in the past.
If you are in Cary or Apex and in the $300k price point or above, and have been considering selling, now might be a good time to pull the trigger.
2018
Triangle Midyear
Market Update
January 2018 – June 2018
Wake County
Median Price
2017 ………….. 283,000
2018 ………….. 301,900
⇧ 6.2%
Days on Market
2017 ………….. 9
2018 ………….. 4
⇩ 55%
Expired Listings
2017 ………….. 681
2018 ………….. 582
⇩ 14.5%
RALEIGH
Median Price
2017 ………….. 250,000
2018 ………….. 275,000
⇧ 10 %
Days on Market
2017 ………….. 7
2018 ………….. 4
⇩ 43%
Expired Listings
2017 ………….. 291
2018 ………….. 278
⇩ 13 %
Cary
Median Price
2017 ………….. 368,900
2018 ………….. 373,000
⇧ 1.1%
Days on Market
2017 ………….. 6
2018 ………….. 4
⇩ 33%
Expired Listings
2017 ………….. 89
2018 ………….. 70
Morrisville
Median Price
2017 ………….. 291000
2018 ………….. 305,000
⇧ 4.8%
Days on Market
2017 ………….. 5
2018 ………….. 4
⇩ 20%
Expired Listings
2017 ………….. 14
2018 ………….. 20
⇧ 43%
Apex
Median Price
2017 ………….. 350,700
2018 ………….. 359,900
⇧ 2.6 %
Days on Market
2017 ………….. 6
2018 ………….. 2
Expired Listings
2017 ………….. 27
2018 ………….. 39
⇧ 44%
Holly Springs
Median Price
2017 ………….. 342,000
2018 ………….. 359,800
⇧ 5.2 %
Days on Market
2017 ………….. 7
2018 ………….. 3
⇩ 57%
Expired Listings
2017 ………….. 34
2016 ………….. 26
⇩ 24%
Fuquay
Median Price
2017 ………….. 262,900
2018 ………….. 280,000
⇧ 6.5%
Days on Market
2017 ………….. 13
2018 ………….. 3
⇩ 75%
Expired Listings
2017 ………….. 40
2018 ………….. 20
⇩ 50%
Wake Forest
Median Price
2017 ………….. 330,000
2018 ………….. 331,000
⇧ .3 %
Days on Market
2017 ………….. 25
2018 ………….. 3
⇩ 88%
Expired Listings
2017 ………….. 132
2018 ………….. 85
⇩ 36%
KNightdale
Median Price
2017 ………….. 240,000
2018 ………….. 256,000
⇧ 6.6 %
Days on Market
2017 ………….. 10
2018 ………….. 2
⇩ 80%
Expired Listings
2017 ………….. 30
2018 ………….. 15
⇩ 50%
Garner
Median Price
2017 ………….. 228,900
2018 ………….. 245,000
⇧ 7 %
Days on Market
2017 ………….. 15
2018 ………….. 1
⇩ 93 %
Expired Listings
2017 ………….. 27
2016 ………….. 39
Durham
Median Price
2017 ………….. 225,000
2018 ………….. 250,000
⇧ 11%
Days on Market
2017 ………….. 8
2018 ………….. 4
⇩ 50%
Expired Listings
2017 ………….. 115
2018 ………….. 132
⇧ 14%
Chapel Hill
Median Price
2017 ………….. 374,000
2016 ………….. 398,500
⇧ 6.5%
Days on Market
2017 ………….. 13
2018 ………….. 5
⇩ 61%
Expired Listings
2017 ………….. 124
2018 ………….. 82
⇩ 34%
Pittsboro
Median Price
2017 ………….. 353,000
2018 ………….. 385,000
⇧ 9%
Days on Market
2017 ………….. 24
2016 ………….. 8
⇩ 67%
Expired Listings
2017 ………….. 14
2018 ………….. 17
