The Wake Forest Real Estate statistics are out for June 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.
Closed Sales for June have increased by +6.6% compared with the same time in 2012. However, inventory is tight and continuing to tighten - current inventory has decreased -2.9% 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 declined considerably when compared with the same time in 2012. The decline is -14.2%.
If you are interested in learning a bit more about Wake Forest Real Estate Statistics 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!