Masha Halpern's Market Report

Carrboro, NC

Single-Family Homes

Boutique Real Estate at Keller Williams Realty | Masha@MashaHalpern.com



Carrboro, NC

Mon Apr 22 2019
This week the median list price for Carrboro, NC is $567,500 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has held steady at or around 6. Click here to stay informed with the Carrboro market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Carrboro, NC

Mon Apr 22 2019
This week the median list price for Carrboro, NC is $567,500 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has held steady at or around 6. Click here to stay informed with the Carrboro market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Carrboro market.
Median List Price $567,500
Per Square Foot $234
Days on Market 66
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 6
Median House Rent $1,250
Most Expensive $597,000
Least Expensive $315,000
Market Action Index
Strong Seller's Market
51

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$597,000 2,067 8,000 - 10,000 sqft 3 3 0 0 0 21
$594,000 2,444 6,500 - 8,000 sqft 4 3 0 0 0 70
$567,500 2,276 4,500 - 6,500 sqft 3 3 9 0 1 126
$372,450 1,917 0.25 - 0.5 acre 3 2 33 0 1 28