Bringing The World Home To You

© 2024 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines 89.9 Chadbourn
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Triangle Housing Prices Soar To New Heights

Home sales in May. The "Entire Triangle Region" includes all outlying Triangle counties as well.
Triangle Multiple Listing Service
/
Jason deBruyn

Housing prices continued their rise in May, and also hit a new record.

It's no secret that home prices in the Triangle have shot up. Year over year sales prices have increased for 37 straight months now.

But in April and May, the average sales price in the Triangle topped $300,000. A first for this area.

Sales data is compiled by the Triangle Multiple Listing Service. The record setting number looks at homes in Wake, Durham, Orange and Johnston, though not the outlying counties.

The higher dollar figures are good news for anyone looking to sell their house. But can make homebuying harder. Especially for the dozens of families that move to this area every day.

Housing experts generally agree that a market correction looms on the horizon. But nobody knows exactly when that will be. For now, homeowners are simply enjoying the seller's market.

Jason deBruyn is WUNC's Supervising Editor for Digital News, a position he took in 2024. He has been in the WUNC newsroom since 2016 as a reporter.
Related Stories
More Stories