The old addage is the proof is in the pudding.  Mark Twain said there are three types of lies...lies, damn lies and statistics.  Well now I am really confused, but our Triangle Area MLS keeps very good statistics which we call Market Trends and good REALTORS follow and update their clients.  Here is what we have for the month of

May 2007 in WAKE COUNTY NC:

Single and Multilfamily homes sold: 2,056

Total Dollar Value of these homes: $546,765,432.00

Average Price: $265,936.00

Median Price: $191,000.00

Days On The Market: 0-30=844  31-60=369   61-90=217   91-120=133  over 120=370

Financing:  Conventional 1,712  FHA 77   VA 28  Cash 152  Assume 1  Other 86

Number of Acitve Listings= 7,139

I hope this helps and for more information visit here.  Stu

*all information provided by Triangle MLS