According to data provided by Triangle MLS, the housing market was heating up even as the temperatures were cooling off in November.
There were 2,050 homes sold in the 16 counties served by the MLS, which is down 10% over the previous November. But what's interesting is the median price sold in the core counties of Wake, Durham, Orange, and Chatham. Let's focus on those.
There were 1,550 closings reported to Triangle MLS during November, that's down 10% from last November's 1,723 closings. However, the median sold price jumped a whopping 12%, buoyed by Wake County's density (73% of all Triangle sales), while our median price rose from $225,000 to $250,000 - or a gain of 11%