Saturday - October 25, 2014
Real Estate Continues Positive Trends
Written by Josh Zach   
Monday, 14 May 2012 07:01

(RALEIGH) -- The Triangle Multiple Listing Service (TMLS) reports homes sales in the 16-county greater Triangle region continued a ten-month positive trend through April.

 

TMLS President, Ray Larcher said, “Closed sales continued a ten-month positive trend through April. Sales in April were up 4.6 percent over April of 2011 and the ten months prior (July 2011 through April 2012) showed an 11.5 percent increase over the same time period last year ... In addition, the pending sales (homes under contract, but not yet closed) also exceeded last April by 20.4 percent, another positive trend that continued for the past twelve months.”

The Housing Affordability Index was 6.6 percent higher than last April at 193. This index measures housing affordability for the region. An index of 120 means the median household income was 120 percent of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

 
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