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Wake County Market Trends: August 2016

By
Real Estate Agent with Raleigh Cary Realty NC Broker #178638

Here is a snapshot of the current real estate market for residential real estate in Wake County.

 
  Distressed        inventory     Down 43% from August 2015.  
  Resale inventory     Down 15% from August 2015.  
  Average sales price  

 Up 4% from August 2015 and up a total of 16% over August of 2012.

  Average Days on Market     31, down from 35 in August 2015.  74% of listings sell in  the first 30 days.
  Closed sales in August   Up 13% over August 2015.  
  Closed sales year-to-date     Up 7% over this point in 2015.  
  Months of supply     2 months' supply -- a Seller's Market.  
   
Comments   August showings were down 7% compared to July as the market moves through its seasonal pattern.  Showings will decrease every month through December.
   
  Statistics from the T.A.R.R. Report, deemed reliable but not guaranteed.

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                              Dianne Goode signature   

 

 

 

 

Helping nice people get from where they are to where they want to be.

 

 

Show All Comments Sort:
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Hello  Dianne Goode  interesting  market report on Wake County 

Sep 20, 2016 11:20 AM
Dianne Goode

It is interesting.  How long can inventory decline till we have none at all?

Sep 23, 2016 02:53 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate market information.

Keep dry and have a great day.

Sep 20, 2016 10:50 PM
Dianne Goode

A lot of families are moving here, too!  The Triangle has been growing steading for over twenty years.  Even during the recession, our population increased.

Sep 23, 2016 02:54 AM
Patricia Feager
Flower Mound, TX

Your post is packed with good information about the housing market in your area!

Sep 21, 2016 12:20 AM
Dianne Goode

Thanks, Patricia!  Statistics sometimes tell the tale we can't see by looking.

Sep 23, 2016 02:55 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

What a hot market Dianne and those numbers have t be making sellers very happy.

Sep 21, 2016 06:11 AM
Dianne Goode

Some of them are happy.  We are getting a lot of "failure to appraise," which messes things up.

Sep 23, 2016 02:56 AM