The number of listings has continued to increase in Wake Forest over the last few months. There is an overall 8% increase comparing 2007 to 2008.
Even with the increase in the number of listings Wake Forest, NC maintains a lower than national average for our Absorption Rate. We have remained steady the last 4 consecutive months at 9. The national average absorption rate is 11. For more information regarding Absorption Rates and how they affect you whether buying or selling a home please email me.
The following graph depicts the activity of closings for the entire Wake County area. These numbers are inclusive of January - September, 2008. As noted in the graph, Wake Forest maintains a healty market share for growth, demand and sales.
The top selling development for ALL of Wake County is once again Heritage which is located right here in Wake Forest, NC. For more information regarding Heritage, the above statistics or statistics tailored more towards another area in Wake County please feel free to email me of call - I will be happy to assist you.
*All of the above statistics were compiled using data from the September 2008 Market Update provided to members of the Triangle MLS. All graphs were created by Leesa L. Finley and are my own material.
Written by:
Leesa L. Finley, Broker, Realtor®
Circa Properties
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All content, including text, original art, photographs and images, is the exclusive property of Circa Properties, and may not be used without the expressed written permission of Circa Properties. All information is believed to be accurate but is not warranted, Copyright 2008.
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