Now that the summer is over ,

how did the Wake County Housing market fare during this national downturn? 

(all numbers are provided by the Triangle Multiple Listing Service) 

Compared to August 2008, which was about the last good month before the market started going down here in the Raleigh area, our current sales are quite a bit lower.  At 241 closed contracts in August 2009,  sales were down about 275%  compared to the 2008 sales of 661.

However, the good news- homes under contract were way up from 2008!!  Even with less homes on the market, to choose from, we went from 1031 homes under contract in 2008 to 1257 homes under contract last month! Does this indicate an increase in consumer confidence? 

More good news for buyers. The average price for homes sold has dropped a bit here in the Raleigh, Cary, and Apex area compared to 2008.

Looking to sell your home? Need some information about what the numbers are showing in your area? Give me a call or email me and I'll be happy to talk to you about what your area is doing and what your home is worth.

Thinking about buying a home? Let me know what you're looking for and I'll create a custom search of homes just for you!