Our Triangle housing market is leaving a lot of the country in the dust. Whatever you've heard about other parts of the country, forget about that when you come here.

An already strong real market in the Triangle continues to improve. The number of properties on the market has been one of the areas of most concern  due to a shortage of properties to sell, but the number of properties is increasing. 4585 properties were on the market in the Triangle MLS in May, up 8% from last year.

Pending and closed transaction continue to rise. Year-to-date Pending Sales were 12,579. This was up 5.9% over 2013 YTD. There were 3189 closed transactions in May and 11,587 YTD. These numbers are up 2% for the month and 2.8% for the year.

Days on market has continued to drop to an overall market average of just 93. A market has equilibrium at a six months supply. Less than six months denotes a Seller's market, and more than six months denotes a Buyer's market. We currently have a 5.9 month supply.

Sales prices continue to increase. The average sales price in May was $246,293 and the YTD average was $240,291.

Sales prices are very close to list prices and rising steadily.  May sales were 96.4% of original list price and  95.6% YTD. When including price reductions, sales prices were 97.8% for May and 97.4% YTD of final list price.

Our housing affordability index, though dropping, is still good. This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability. Ours is 155 YTD and 147 for May.

Our numbers at LaChapelle Properties June 1 2013 to June 1 2014 are even stronger. Our average sales price has doubled, and our volume of sales has more than doubled. We hit a new high sales price of $1.59 million for one home and added four new brokers.

This report uses figures and data from the Triangle Multiple Listing Service and provided by Stacy Anfindsen.