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
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