Spring Market Update: Strong Momentum in The Triangle Real Estate Scene

As we dive deeper into spring 2025, The Triangle real estate market is buzzing with strength, showcasing promising trends in sales, pricing, and inventory. Whether you’re eyeing a purchase, planning to sell, or just keeping tabs on the market, here’s the latest scoop based on current data:

📈 Sales Velocity & Buyer Demand

The market’s humming with steady demand, boasting a pending ratio of 54% across all price points—over half of listings are under contract. This signals robust buyer interest, even with inventory challenges. Closed sales are climbing too, with a 3-month average of 3,744 outpacing the 6-month average of 3,461.7, mirroring the classic spring surge as buyers shake off winter (per recent Triangle MLS insights).

⏱ Days on Market: Steady and Predictable

Homes are moving at a reliable pace, with average Days on Market (DOM) steady at 61 days for both 3-month and 6-month periods. This consistency means well-priced properties sell without lengthy waits, offering clarity for buyers and sellers alike, aligning with Raleigh Realty’s 2024 observations of a balanced market.

💰 Pricing Trends & Sale Ratios

Pricing shows a gentle upward tick:

• 3-month average sale price: $446,866, up from $442,903 over 6 months.
• Sale-to-list price ratios hold firm at 97%, with final-to-original list price at 98%—proof of a competitive scene where price cuts are minimal. This reflects a market where sellers maintain strong positions, consistent with Triangle MLS data showing stable median prices around $400K-$450K in early 2025.

🏡 Inventory & Supply Tightening

Inventory is tightening, a spring hallmark. Months supply dropped from 3.8 (6-month) to 3.5 (3-month), driven by eager buyers and fewer new listings. This seller-friendly shift echoes web reports of a persistent low supply (e.g., 1.9-2.8 months in some areas), though new construction is slowly easing pressure.

🏁 Bottom Line: A Balanced but Brisk Spring Market

The Triangle’s 2025 spring market is in full swing: strong buyer demand, steady pricing, and swift turnover favor sellers, while buyers find opportunities with proactive moves. With inventory at 3.5 months, it’s a balanced market leaning toward sellers, per recent analyses.

Wondering how this affects your neighborhood or price range? Ginger & Co. Real Estate is your guide. Contact us at 919-590-0940 for a personalized breakdown and let’s turn market momentum into your next move!