January 2007 Triangle Market Statistics

Slow and steady increases seems to be the trend for our markets, currently. "Head to the ground" reports from eastern Johnston county for the past few months is that the market has been relatively slow or dead for some agents. The clayton area-west has been the driving force behind the continual increases in Johnston County sales and prices. Smithfield, Selma, and Princeton, while very healthy, are still waiting for the "real estate boom" from recently started highway projects to ease traffic in the Clayton area. I am curious to see how much these areas grow with so many media and statistical reports now calculating transportation/commuting costs being equal to paying higher prices for real estate closer to work combined with the fact that people do not want to spend all day in their automobiles.

January 2007 Triangle Market Report