March 2021 Residential Real Estate Round Up, RTP Region of North Carolina

Here are how the numbers look March 2020 vs. March 2021 in the Triangle North Carolina Residential Real Estate Market  

March 2020 closed sales

3671 closed sales, 24 average days on market, average list price $327,836, average sale price $325,324**

March 2021 closed sales

3710 closed sales, 11 average days on market, average list price $362,855 average sale price $367,214**

2020 vs 2021 total closed units’ year to date

2020- 9152

2021- 9666

**Triangle Multiple Listing Service (TMLS) SOURCE OF DATA

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This market is exceptionally brutal for buyer clients. Inventory is at an historic low stressing home prices due to buyer demand.

The rental market is exceptionally tight too with the average rental price in Triangle Multiple listing at $1667 per month.