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Triangle Home Sales, What Happened in September?

Updated: Nov 21, 2023

Prices in September still strong for Triangle area homes sales. Chart shows average sales price for Wake County in September vs. Septembers past. As mentioned in yesterday's post contracts written in September had an average list price of $587,402.00, indicating higher prices again in October.

Triangle Home Sales Prices in September 2019 - 2023

Number of homes sold in September was down 24% from September of 2022. The average home in Wake County sold for 99% of original ask. Seven sold for $100,000.00 over original asking price, 35 sold for $100,000 under original asking price.

75 homes sold for over $1,000,000.00 and the highest priced sale was $6,498,000.00.

The least expensive homes sold were $56,000.00. Eleven homes sold for under $200,000.00.

Triangle Home Sales Q3 quick look:

Units sales down 21% to 4017 from 5085 Q3 2022.

Gross Commission Income* down 18.8% from Q3 2022.

Average Sales Price up 2.8% from Q3 2022 to $566,801.00

*$26,200,000 ($8,733,333 a month) less in commission income in 2023 vs 2022 in Wake County.

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