How’d We Do? 2012 Wake County Real Estate Recap

2012 Wake County, NC Real Estate RecapOur favorite real estate market report of the year – ba-da-ba-da-ba-da-ba-da (that’s a drum roll) presenting the full 2012 year end Wake County real estate recap!

2012 was a tumultuous year for the nation, in real estate, politics, the economy, our society… you name it.  Can we sum it all up here for everyone?  Haha, heck no – our specialty is Triangle real estate, so we’ll stick to what we know.

The pie chart shows the breakdown of:
2012 Wake County Real Estate Recap

  • new active listings (homes that went on the market)
  • total active listings
  • closed listings
  • homes that have gone under contract

during the whole of 2012 for single family detached homes located within Wake County NC.

The “1% Active” is a tad confusing.  These listings include only those homes that entered the MLS as a for sale home before January 2012, and sat on the market through the duration of the year (a high % would be alarming).

While the pie chart is a little arbitrary by itself, we include it to help paint the full picture for the stats below.

New listings on the Wake County Real Estate Market in 2012

2012 Wake County Real Estate Recap - New Active Homes

The “New Active Listings” with 3,156 homes represent the number of real estate listings that came on the market in 2012 and haven’t yet gone under contract or sold.  This includes homes that were listed anytime between Jan. 1st and Dec. 31st 2012.

Take a peak at the new Wake County NC Homes for Sale on the market in December (in alphabetical order by subdivisions).

Active Detached Homes Available at the End of 2012

2012 Wake County Real Estate Recap - Homes Listed Before 2012

“Active Listings” include new listings to the market in 2012.  To get the number of homes listed before Jan. 1st 2012 we subtract new active from active which gives us:  162 homes in Wake County that have been listed for over a 1 year period.  This signifies only 1% of the total Wake County real estate market which is a pretty healthy sign.

With just under 3,500 homes for sale ranging from $39,000 to $4,500,000 with an average price of a home for sale in Wake County being $337,721 we have affordable living available in one of the greatest cities in America (more on that in our collection of  Triangle area accolades).

Homes in Wake County: Under Contract at 2012 Year End

2012 Wake County Real Estate Recap - Homes pending at the end of the year

At the end of 2012 there were 714 homes under contract, or in the “pending” status.

Homes that sold (closed) in Wake County in 2012

2012 Wake County Real Estate Recap - Homes Closed During 2012

Here’s the big one:  A total of 10,320 single family detached homes were recorded in the TMLS to have sold in Wake County in 2012.  The average sales price was $275,225 at $107.59 per square foot, closing at a healthy 97% of sales to list price and sitting an average of 111 days (just over 3.5 months) on the market.

There’s a lot of great information above to get a good overview of Wake County real estate in 2012.  Need more information?  Let us know!

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*Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market.

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Is buying or selling a home on your list of 2013 resolutions?  Call us.  Want to learn more about us?  Read what some of our past clients have had to say:  testimonials and reviews.

Where exactly is Wake County, NC?  Outlined below:

Wake County Area

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