Here is a snapshot of the current real estate market for residential real estate in Wake County.
Distressed inventory | Down 53% from August 2015. |
Resale inventory | Down 12% from August 2015. |
Average sales price | Up 5% from August 2015. For resale homes, the average sold price was $278,600. |
Average Days on Market | 34, down from 47 in August 2015. 70% of listings sell within 30 days. |
Closed sales in August | Up 10% over August 2015. |
Closed sales year-to-date | Up 8% over this point in 2015. |
Months of supply | In several areas, there is only a one-month supply below $300K. Very much a sellers market. |
Comments | September showings were down 2% compared to July as the market moves through its seasonal pattern. |
Statistics from the T.A.R.R. Report, deemed reliable but not guaranteed. |
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