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.