The Wake Forest Real Estate statistics are out for April 2013 and we continue to see improvement in the market! Both the Average Sales Price and the Median Sales Price have increased since the same time last year. The average Days on Market has slightly increased.
Closed Sales for April have increased by +19.8% compared with the same time in 2012. However, inventory is tight and continuing to tighten - current inventory has decreased -3.1% when compared with the same time in 2012.
The Absorption Rate in Wake Forest NC has remained stable at what is considered a "balanced" market - neither a seller's market nor a buyer's market. It is important to note that this is just for Wake Forest - the Absorption Rate varies in the different areas of Raleigh.
The average Days on Market has remained the relatively the same since February 2013 however compared with the same time in 2012 the DOMs have increased +1.8%.
If you are interested in learning a bit more about Wake Forest Real Estate Statistic or you would like statistics for another area of Raleigh NC please feel free to email me or call me - I'd be happy to help!