Triangle, NC Home Sales surge in July.

2013 Raleigh, Durham, & Chapel Hill, NC Home Sales exceeded July 2012 sales by 34%.

The Housing market in the Raleigh, Durham, Chapel Hill, Triangle, NC area is improving, The housing market in the Triangle seems to be very healthy, as the pace and price of home sales in the region continues to climb.

Home sales in the Triangle were up 34 percent in July compared to the year prior, with 3,082 closings recorded so far in the Triangle Multiple Listing Service database. On average, a home listed on MLS during the month of July was on the market for only 95 days. A year ago, that average was around 115 days on the market.

The price of homes sold also continued to climb. The median sale price for July, $202,559, was up 5.5 percent compared to the year prior, according to the Triangle MLS report. The average sale price was $242,153, which was up 5.1 percent. Increasing home prices could also be attributed in part to a boost in luxury home sales.