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1st Quarter 2018 Market Growth Over Time

Usually when I do a Triangle MLS market update analysis, I compare this year's growth to the previous years growth in the same area. Today, I am going to share a a few graphs that show market growth over a longer period of time. 

The following graphs compare sales in the first quarter of 2018, to the previous sale of the same property that last time it sold. By looking at it from this perspective you can see some interesting details.

triangle mls market update 2018

This graph shows the increase in sales price from the prior purchase (anytime between 2010 and 2016) and the resale from 2017-2018. The first graph shows percent increase per year and the second shows percent increase for the entire period.  Data courtesy of TARR Report.

triangle market report update 2018

You can really see which zip codes had the best return on investment with this color coded heat map. Data courtesy of TARR Report.

triangle market update 2018

Again this graphic is comparing purchases in 2010-2016 and resale in 2017-2018. The increase is per year in each county. 

triangle market report 2018

I love this price increase by subdivision chart. Keep in mind that only subdivisions with at least 15 sales per year qualified to be included in the chart. If we don't have enough sales the data isn't as meaningful. 

triangle market update 2018

These metrics are based on MLS area, which are zones used as a search tool in the Triangle MLS. I've included a map below so the information makes more sense. It's funny how Cary is often seen as the most popular area to move to with all it's accolades, but it is 8th in line for house appreciation over this 8 year period.

I'll be releasing the market update comparison of 2018 to 2017 later in the week. If you have questions about property values in your specific neighborhood, you can call or text 919-725-1885 or email me at [email protected]

About the Author Ellen Pitts

Ellen is the founder of Harmony Realty, a socially conscious realty company. Ellen believes in empowering her clients through education and open communication. Ellen is a number-cruncher at heart and takes great pleasure in following and analyzing the trends of the housing industry. She loves communicating the big picture to her clients and helping them to understand how the market affects their sale or purchase. Her honest and down-to-earth approach allows her clients to make informed and intelligent decisions to get the most out of their offers and negotiations.

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