Source: WRAL Tech Wire —
The Triangle real estate market is still hot, with the median sale price of a home up 14.7% year-to-date across the region, and up 18.4% compared to July 2020, according to the latest data from the Triangle Multiple Listing Service (TMLS).
That’s much higher than inflation overall which came in at 5.4% over the same time frame, according to Statista.
Across the Triangle, 30,467 new listings have appeared on the market, through the end of July 2021. That’s almost exactly the same amount of homes listed during that same period in 2020 (30,469) TMLS data shows.
But the real estate market of 2020 was rather different than the market in 2021.