Leonard H. Craver

Leonard H. Craver
Leonard H. "Tony" Craver

Friday, June 22, 2018

LOCAL STATS YOU SHOULD KNOW


* Did you realize that the average price of a home sold in Durham in the last year was $274,832. It seemed like that figure stayed below $200K forever. The inventory of homes for sale in Durham fell almost 32 % last year and the days on market is down to 21 days, a number that is historically over 100 days. The average sales price in the Triangle last year was $302,566. It makes you want to sell, doesn’t it. The only problem is that buying a downsizer may cost you every thing you gained from selling the house you are in.
* We have mentioned a number of times that a few years ago the powers that be in DC decided to divide the Triangle into two economic reporting areas. I am not sure why other than maybe we were getting too big and therefore getting too big a piece of the government pie. Wake County now has over one million people all by itself. When you combine the Raleigh economic area with the Durham/Chapel Hill area, there are 2.1 million people. Think traffic.
* Raleigh’s population is now 451,066, making it the 42nd largest city in the country. Durham rings in at 257, 636, making it the 79th largest city in the land. Charlotte now provides homes for 827,097 folks making it ranked number 17.