Wake Forest-Rolesville Market Report for February 2016

Wake Forest-Rolesville Market Report for February 2016

Units Sold

• Units Sold-108
  • Up 11% from Last Year
    • There was an increase in total units sold in February, with 108 sold this month in Wake Forest and Rolesville Area Real Estate versus 82 last month, an increase of 32%. This month's total units sold was higher than at this time last year, an increase of 11% versus February 2015.

Active Inventory

• Active Inventory-516
  • Down 7% from Last Year
    • Versus last year, the total number of homes available this month is lower by 36 units or 7%. The total number of active inventory this February was 516 compared to 552 in February 2015. This month's total of 516 is lower than the previous month's total supply of available inventory of 565, a decrease of 9%.

Median Sale Price

• Median Sale Price-$284,950
  • No Change from Last Year
    • Last February, the median sale price for Wake Forest and Rolesville Area Homes was $285,990. This February, the median sale price was $284,950, which is similar compared to a year ago. The current median sold price is 1% lower than in January.

New Listings

• New Listings-194
  • Up 4% from Last Year
• Current Contracts-188
  • Up 37% from Last Year

    • This month there were 194 homes newly listed for sale in Wake Forest and Rolesville Area compared to 187 in February 2015, an increase of 4%. There were 188 current contracts pending sale this February compared to 137 a year ago. The number of current contracts is 37% higher than last February.

Sold VS List Price

• Sold vs. List Price-98.9%
  • No Change  from Last Year
    • In February, the average sale price in Wake Forest and Rolesville Area was 98.9% of the average list price, which is similar compared to a year ago. 

Months of Supply

• Months of Supply-4.8
  • Down 16% from Last Year
    • In February, there was 4.8 months of supply available in Wake Forest and Rolesville Area, compared to 5.7 in February 2015. That is a decrease of 16% versus a year ago.

Days on Market

• Days on Market-57
  • Down 29% from Last Year
    • This month, the average number of days on market was 57, lower than the average last year, which was 80, a decrease of 29%.