Here is a snapshot of the current real estate market for residential real estate in Wake County.
| Distressed inventory | Down 56% from October 2015. |
| Resale inventory | Down 14% from September. |
| Average sales price for resales | Up 4% from October 2015, to $271,300. |
| Average Days on Market | 36, down from 42 in October 2015. |
| Closed sales in October | Unchanged from October 2015. |
| Closed sales year-to-date | Up 7% over this point in 2015. |
| Months of supply | Wake has had five consecutive months of a lower number of new listings, in spite of increased demand. This is reflected in shorter DOM and higher prices. |
| Comments | Real estate is cyclical and affected by interest rates and we are in year 35 of a downward trend. Statistically, we are due for interest rates to rise, which will impact buyers' ability to purchase, especially first-time buyers. |
| Statistics from the T.A.R.R. Report, deemed reliable but not guaranteed. |
