Data: Doorify MLS ; Note: Sales in Wake, Durham, Orange, Chatham and Johnston counties; Chart: Axios Visuals
The number of homes for sale across the Triangle continues to increase — bringing some relief to buyers navigating high interest rates and economic uncertainty.
Why it matters: Inventory of for-sale homes across Wake, Durham, Orange, Johnston and Chatham counties has grown by nearly 30% over the past year, according to data collected by Doorify MLS .
- That has, in turn, brought some cooling to home prices — though not by much.
Zoom in: The median sales price for a home across the Triangle’s main counties was around $431,000 in February, according to Doorify.
- That was still an increase of 2.6% from a year prior.
- However, the median home price was down from last year’s peak of $470,000 in June.
What they’re saying: …..