Triangle home sales recent run of double-digit increases continued in November, with sales increasing 11 percent over the same period a year ago.
There were 1,169 homes sold in Durham, Johnston, Orange and Wake counties in November, Triangle Multiple Listing Services data show.
Pending sales were up 8 percent while showings declined 3 percent.
The year-over-year comparisons have been strong in recent months in large part because of the influence of the federal homebuyer tax credits. The credits expired at the end of June last year, but sales were depressed for about six months afterward.
The market also continues to benefit from reduced supply.
The number of homes listed for sale in November was 19 percent lower than the same period a year ago.
Still, a lack of able buyers in the market continues to put downward pressure on prices. The average price of the homes that sold in November was $228,600, down 11 percent from a year ago.
Cash buyers also continue to make up a sizable percentage of the closings that are taking place. There were 217 cash closings in November, up 13 percent from a year ago.