Clearly the market has become more active since the same time period last year in Percentage of List Price received and Pending Sales but remains a little uncertain with both Average and Median Sales Prices. Another great indicator of a rebounding market is the number of closed sales.
February 2012 had a +12.5% increase in Homes that Closed compared with February 2011. It is important to keep in mid that the Days on Market though has increased. So while the homes ARE selling it is taking a touch longer to get them under contract. Patience is a Virtue! There are currently 537 homes for sale in Wake Forest NC with over 48% of them being in the sweet spot ($200,000 - $400,000) so competition is fierce. If you are ready to play ball you better be competitive, look your best, and be aggressive! If you are thinking of selling your home in Wake Forest NC please give me a call or send me an email - I'd be glad to help!
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