Triangle Home Sales

RubyJi via Flickr, Creative Commons

July home sales are up 39 percent in the Triangle, compared to the same period last year. That number comes from Durham, Johnston, Orange and Wake County sales.   

As home sales have increased, inventory has gone down, by over 10 percent. Currently, the region has just a three month supply of homes on the market based on current trends.   

Stacey Anfindsen, a market analyst with Birch appraisal Group, says these numbers need perspective.