Masha Halpern's Market Report

Carrboro, NC

Single-Family Homes

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



Carrboro, NC

Mon Jun 17 2019
This week the median list price for Carrboro, NC is $432,000 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has held steady at or around 13. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Carrboro, NC

Mon Jun 17 2019
This week the median list price for Carrboro, NC is $432,000 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has held steady at or around 13. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Carrboro market.
Median List Price $432,000
Per Square Foot $237
Days on Market 47
Price Decreased 38%
Price Increased 0%
Relisted 0%
Inventory 13
Median House Rent $1,650
Most Expensive $749,900
Least Expensive $295,000
Market Action Index
Strong Seller's Market
48

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$590,000 1,890 0.25 - 0.5 acre 3 2 77 1 0 98
$485,000 2,750 8,000 - 10,000 sqft 5 3 28 0 1 32
$415,000 1,796 0.25 - 0.5 acre 3 3 57 0 1 32
$351,950 1,492 0.25 - 0.5 acre 3 2 44 1 2 33