June is here and that means we have two full months of spring market data to pour through. Lucky for you that you have a houseguy to help you break all this info down and tell you want it all means. Let's start with the number of closings!
The first line of the chart refers to Triangle MLS or "TMLS". This is the real estate database for 16 counties in our area - Alamance, Caswell, Chatham, Durham, Franklin, Granville, Halifax, Harnett, Johnston, Lee, Nash, Orange, Person, Vance, Wake, and Warren. It a good metric for how the entire region is doing.
Generally great news and only the Orange County numbers gives me some pause. I suspect that the demand around Chapel Hill is being siphoned off to new neighborhoods around Chatham County like Westfalls and Briar Chapel.