Where are Home Prices Headed in Wake County?

In Wake County, residential Real Estate sales are showing a positive trend for resale home prices.  Factors which affect the greater Raleigh housing prices include:

  • Showings are up 18% *
  • Resale Inventory is down 23%
  • Average List Prices are up 12% to $345,500
  • Days On Market are down to 104 from 120.
  • Average sales price increased by 4%
  • Pending Sales (homes under Contract) are up 28%

(* All figures are based on the change from this time last year 2012)

These metrics indicate that home prices are on the rise, at a steady rate. Factors which can affect this projection include how the new state budget affects the local economy, and our ability to still attract business to the area.

home prices over 30 years

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