How the Real Estate Market is performing in Raleigh, Cary, Morrisville, Apex, Holly Springs, Fuquay-Varina, Wake Forest and more around Wake County, North Carolina

Full Triangle Area November 2013 Real Estate Market Recap

Presenting the full November 2013 Triangle real estate market recap.  If you’re in the market to buy or sell a home in the area we have good news wrapped in the statistics below.  The trend has continued with closed sales up and the average days on the market is down.

Here are some quick stats representing the entire Triangle MLS area (before we dive into performance details for Wake County homes).

  • Homes sold in November 2013 vs November 2012 = 2,020 vs 1,807 representing an increase of 11.8%
  • At the end of November 2013 the inventory of homes for sale was 12,676 vs 13,649 in November 2012, a decrease of 7.1%
  • The Days on Market until sale decreased by 18.1% for the same period with an average of 93 in November 2013 vs 114 in November 2012

The Triangle unemployment rate was flat in October at 6.4%, down from 7.5% in October 2012.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the following counties:  Orange, Durham, Johnston and Wake County.  Presenting the Triangle MLS (multiple listing service) November market update with Stacey Anfindsen:

Wake County November Real Estate Stats

Wake County Real Estate Statistics

Our goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

To break down the information above, the tables below detail the November 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:November 2013 Triangle Real Estate Stats

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of new active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

November 2013 Average Days on MarketAVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in November.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – November 2013

November 2013 Active Triangle Real Estate

Wake County Real Estate that Went Under Contract Last Month

November 2013 Under Contract Triangle Homes

Wake County Real Estate that Sold in November 2013

November 2013 Closed Triangle Homes

Just some highlights:

Average Days on Market in the Triangle

Like last month, the average days on the market for homes in the entire Triangle area last month was 93 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  93 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location, desirability, and price bracket.

The low and high per area for days on market before closing in November were Holly Springs averaging (an incredibly impressive) 42 days, and Garner with an average of 110 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the other Triangle areas noted above fall between the two (see chart outlining the average days on market for the breakdown).

E-mail Me Homes Matching my Criteria

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Have questions or in need of more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: 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. Realtor is a registered trademark of the National Association of Realtors.

Another Strong Month for the Garner Real Estate Market in November

Garner November Real Estate StatsThe Garner real estate market had another strong month in November 2013, averaging more closed and under contract homes than the same month during the prior 3 years!

Last month a total of 25% of the real estate activity for single family detached homes included homes that either closed or went under contract, beating the previous years with:

  • 18% in November of 2012
  • 11% in November 2011
  • 12% in November 2010.

Sold homes averaged 110 days on the market before closing.  Average sales price of $164,525 (slightly lower than last month) for single family detached homes in November.

Our goal for our Garner real estate market reports is to offer a good overview of how detached homes for sale in Garner, NC perform month over month.

The tables below break down the information into detail to show highs, lows and averages for the number of beds, baths, square feet, list price, price per square foot and also the days on market for the area.  

Newly Active Garner, North Carolina Real Estate for Sale:

Garner New Active Real Estate - November

Take a sneak peak at all the new homes for sale in Garner NC last month (in alphabetical order by subdivisions).  If you’d like a more customized search, you can save a search outlining your unique home needs and get FREE e-mails with only homes for sale in the Triangle that match YOUR criteria.

Active Garner Real Estate on the market last month

Garner Active Real Estate - November

*When you’re ready to see homes for sale in Garner, NC or really any homes for sale in the Triangle area contact us, we are here to help every step of the way.

Real Estate in Garner, NC that went Under Contract in November 2013

Garner Pending Real Estate - November

Garner, NC Real Estate Sold last month

Garner Closed Real Estate - November

For quick comparison:  There were 27 closed homes in November 2013 compared with 25 in November 2012, 11 in November 2011 and 12 in November 2010.

If you’ve been considering a move to Garner, NC, would like more information on selling a home in Garner, or would simply like to discuss your Wake County real estate needs call or e-mail me.  I’d love to chat!

*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.

Wake Forest Real Estate Continues Stable Trend in November

Wake Forest November Real Estate StatsThe real estate market in Wake Forest continues its stable trend.  In November 2013 the average days on market for single family detached homes before closing was 98 days and sold for an average of 98% sales to list price.  Last month 19% of the Wake Forest real estate activity for single family detached homes included homes that either sold or went under contract, compared with 22% in November 2012, 17% in November 2011 and 12% in November 2010 – a good sign of stable and consistent home buying demand in Wake Forest.

Our Wake Forest real estate market reports are designed to provide a good overview of how detached homes for sale in Wake Forest, NC perform month over month.

The tables below detail the information for detached homes in Wake Forest NC that are newly active, active, pending or closed in November 2013:  

Newly Active Wake Forest Homes for Sale:

Wake Forest New Active Real Estate - November

Take a sneak peak at all the new homes for sale in Wake Forest NC last month (in alphabetical order by subdivisions).  If you’d like a more customized search, you can save a search outlining your unique home needs and get FREE e-mails with only homes for sale in the Triangle that match YOUR criteria.

November Wake Forest NC Active Homes For Sale

Wake Forest Active Real Estate - November

*When you’re ready to see homes for sale in Wake Forest, NC or really any homes for sale in the Triangle area contact us, we are here to help every step of the way.

Wake Forest, NC Real Estate: Pending Last Month

Wake Forest Pending Real Estate - November

Wake Forest Real Estate SOLD in November 2013

Wake Forest Closed Real Estate - November

Noted above, Wake Forest real estate averaged just over 3 months (98 days) on the market until sold for single family detached homes last month.  This is a great improvement to 111 days in November 2012, 130 in November 2011 and 116 in November 2010.

For a quick comparison:  Last month (November 2013) there were 60 single family detached Wake Forest closed homes, 74 homes closed in November 2012, 45 in November 2011 and 44 in November 2010.

If you’ve been considering a move to Wake Forest, NC, would like more information on selling a home in Wake Forest, or would simply like to discuss your Wake County real estate needs call or e-mail me.  I’d love to chat!

*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.

Real Estate Market Stats in Holly Springs Outperform Past 3 Years

Holly Springs November Real Estate StatsReal Estate stats in Holly Springs beat out the previous 3 years in performance hand over fist.  The average closed sales price in Holly Springs last month was $316,933 (slightly higher than the previous month) for single family detached homes and spent an average of only 42 days on the market before closing at an average of 99% list to sale price in November.  Last month 38% of the single family detached housing activity accounted for homes that either sold or went under contract.  As real estate is cyclical, for a year over year comparison there were:

  • 38% closed and pending homes in November 2013
  • 24% in November 2012
  • 14% in November 2011
  • 14% in November 2010

Our Holly Springs real estate market reports are offered to provide a solid overview of how detached homes for sale in Holly Springs, NC are performing month over month.

Newly Active Homes in Holly Springs (Hit the Market in November)

Holly Springs New Active Real Estate - November

37 new listings came on the market in Holly Springs last month.  Take a sneak peak at all the new homes for sale in Holly Springs NC (in alphabetical order by subdivisions).  If you’d like a more customized search, you can save a search outlining your unique home needs and get FREE e-mails with only homes for sale in the Triangle that match YOUR criteria.

Active homes for sale in Holly Springs NC last month

Holly Springs Active Real Estate - November

*When you’re ready to see homes for sale in Holly Springs, NC or really any homes for sale in the Triangle area contact us, we are here to help every step of the way.

Holly Springs, NC Real Estate That Went Under Contract in November

Holly Springs Pending Real Estate - November
Holly Springs Real Estate SOLD Last Month

Holly Springs Closed Real Estate - November

Holly Springs home values remain strong with an average sales price to list price of 99% and an average of only 42 days on the market before selling.  Something to keep in mind regarding expectations if you’re a home selling is that Holly Springs, like the rest of the Triangle, has an under supply of lower priced homes, causing lower priced homes to sell much more quickly than higher.

For quick comparison previous months include the following number of single family detached closed homes each month:

  • 64 homes closed in November (40 in Nov. 2012, 29 in 2011, 26 in 2010)
  • 59 homes closed in October (49 in Oct. 2012, 41 in 2011, 30 in 2010)
  • 65 homes in September (63 in Sept. 2012)
  • 72 homes in August (77 in Aug. 2012)
  • 92 homes in July (54 in July 2012)
  • 84 homes in June (78 in June 2012)
  • 87 homes in May (74 in May 2012)
  • 82 homes in April (56 in April 2012)
  • 75 homes in March (54 in March 2012)
  • 45 homes in February (50 in February 2012)
  • 39 homes in January

If you’ve been considering a move to Holly Springs, NC or would like more information on selling a home in Holly Springs call or e-mail me.  We’re here to help.

*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.

Morrisville Real Estate = Hot Commodity! November Recap

Morrisville November Real Estate StatsReal estate in Morrisville is indeed a hot commodity!  In November 2013, single family detached homes spent an average of 82 days on the market (DOM) before closing, and closed at an average of 98% sale to list price.  The average sales price in Morrisville for closed homes in November was $371,639 (higher than last month).  Something to keep in mind regarding days on market – lower priced homes are selling much more quickly then higher priced homes all throughout the Triangle area.

Considering buying or selling a Morrisville home?  Our goal for sharing these Morrisville real estate market reports is to provide a comprehensive overview of how real estate in Morrisville, NC is performing.

Single family detached homes in Morrisville comprised of a solid 42% of homes that either sold or went under contract in November 2013.  Year over year this is a substantial increase when compared with closed and pending stats of 34% in November 2012, 25% November 2011 and 23% in November 2010.

The information included in this report is only for single family detached homes located within Morrisville, NC.  If you have any questions about this information or are ready to buy a home in Morrisville, let us know ~ we’re here to help.

New Active Morrisville Real Estate: November 2013

Morrisville New Active Real Estate - November

Take a peak at the new Morrisville NC Homes for Sale on the market in November (in alphabetical order by subdivisions)

Active Morrisville Real Estate: November Single Family Detached Homes

Morrisville Active Real Estate - November

The always desirable Morrisville’s real estate inventory is still fairly low when compared with much of the rest of the Triangle, but with 54 homes available (including the 12 new listings last month) there are opportunities for home searchers to find the home of their dreams here in Morrisville, North Carolina.

Whether you’ve outgrown your home and need something larger; are relocating to the area, are empty-nesters ready to down-size, or are just looking to capitalize on Triangle investment opportunities, locating a great match (with the right Realtor®) is our priority.

Pending Morrisville Real Estate in November

Morrisville Pending Real Estate - November

Morrisville Real Estate Sold Last Month

Morrisville Closed Real Estate - November

The above information and charts reflect only detached home activity in Morrisville.

More about Morrisville

For more information about Morrisville check out our:

*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.

Whatever your Triangle real estate needs, we are here for you.  Give us a call and we’ll help you through your home buying and selling transitions.  With decades of experience – real estate is what we love and what we do.  Not sure if we’re right for you?  Read a bit about what some of our past clients have had to say about us in their testimonials and reviews.

Attention Apex Buyers and Sellers – November 2013 Real Estate Recap

Apex November Real Estate StatsConfidence.  This is what Apex home buyers and sellers should be feeling confident in their real estate decisions.  Apex real estate performed strong again in November with closed single family homes selling for an average of $117.52 per square foot and at (a beautiful) 99% sale to list price.

Continuing the trend, Apex single family detached homes knocked the previous 3 years stats out of the park, with 38% of the real estate activity accounting for homes that either went under contract or sold in November 2013.  This beats the previous three years with 27% closed and pending homes in November 2012, 19%  in November 2011 and 15% in November 2010.

The information included in this report is only for single family detached homes located within Apex NC.  If you’d like additional information or are considering buying or selling your Apex home let us know ~ we’re happy to provide information specific to your needs.

Apex New listings on the market: November 2013

Apex New Active Real Estate - November

Take a peak at the new Apex NC Homes for Sale on the market in November (in alphabetical order by neighborhood)

Apex Detached Homes For Sale Last Month

Apex Active Real Estate - November

With just under 200 homes for sale ranging between $95,000 – $1,000,000 there are good opportunities for home searchers with a wide variety of wants and needs to find a home here in Apex.

Whether you have outgrown your home and need something larger; are relocating to the area, are empty-nesters ready to down-size, or are just looking to capitalize on the Triangle investment opportunities, locating a great match (with the right Realtor®) will not be an problem here in Apex.

Apex Homes That Went Under Contract Last Month

Apex Pending Real Estate - November

Apex Homes That Sold in November 2013

Apex Closed Real Estate - November

The above information and charts reflect only detached home activity in Apex.

More about Apex

For more information about Apex check out our:

*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.

Our goal for sharing these statistics in the form of real estate market reports is to provide a comprehensive overview of how real estate in Apex is performing.  If you’re considering making a move to, from or around the area, our goal is that you will have everything you need right at your fingertips.

Whatever your Triangle real estate needs, we are here for you.  Give us a call and we’ll help you through your home buying and selling transitions.  With decades of experience – real estate is what we love and what we do.  Not sure if we’re right for you?  Read a bit about what some of our past clients have had to say about us in their testimonials and reviews.

Real Estate Market Recap for Cary, NC – November 2013

Cary November Real Estate StatsReal estate in Cary, NC stays strong in November selling for an average of $364,815 (higher than in October 2013), Cary closed single family detached homes accounted for 129 listings in November.  35% of the real estate transactions in Cary resulted from either closed or under contract (pending) homes (compared with 32% in November 2012 and 20% in November 2011 and 19% in November 2010).

For single family detached homes that closed last month they averaged only 63 days on market at an average of 98% sales to list price.  Something to keep in mind, and consistent with the trend throughout the Triangle, lower priced homes are selling much more quickly than those homes priced in higher brackets.

Cary continues to enjoy a steady and balanced market,  family-friendly neighborhoods, desirable amenities, close proximity to Raleigh and RTP (Research Triangle Park).

Our goal for our Cary real estate market reports is to provide a good overview of how detached homes for sale in Cary, NC perform month over month.

The following information shows a break down of the detached homes for sale in Cary NC that are new active, active, pending or closed in November 2013:  

Newly Active Cary Real Estate for Sale:

Cary New Active Real Estate - November

Take a sneak peak at all the new homes for sale in Cary NC last month (in alphabetical order by subdivisions).  If you’d like a more customized search, you can save a search outlining your unique home needs and get FREE e-mails with only homes for sale in the Triangle that match YOUR criteria.

Cary NC Active Homes for sale – November 2013

Cary Active Real Estate - November

*When you’re ready to see homes for sale in Cary, NC or really any homes for sale in the Triangle area contact us, we are here to help every step of the way.

Cary, NC Real Estate that went Under Contract in November

Cary Pending Real Estate - November

At the end of last month there were 51 homes under contract, or in the “pending” status in Cary, NC.

Cary homes SOLD in November

Cary Closed Real Estate - November

Last month there were 129 homes closed in Cary, compared 135 in November 2012, 107 in November 2011 and 103 in November 2010.

If you’ve been considering a move to Cary, NC, would like more information on selling a home in Cary, or would simply like to discuss your Wake County real estate needs call or e-mail me.  I’d love to chat!

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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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Want to learn more about us?  Read what some of our past clients have had to say:  testimonials and reviews.

Want to know more about Cary, NC?  Check out our all about Cary, NC webpage.

Raleigh Real Estate Market Report for November 2013

Raleigh November Real Estate StatsNovember was a solid month for Raleigh real estate market statistics!  Closing for an average sales price of $397,512, single family detached homes in Raleigh closed for an average of 98% sale to list price in November and sat on the market for an average of only 67 days (slightly higher than last month).  Improving year over year, of single family detached homes there were 359 sold homes in November this year, 335 in November 2012, 257 in November 2011 and 215 in November 2010.

For a snapshot of how single family detached real estate performed in November 2013, the pie chart shows the percentage of newly active listings, total active listings (on the market longer than 1 month), closed listings, and homes that went under contract last month.

Last month a solid 27% of the Raleigh real estate activity accounted for either closed or pending transactions (compared with 23% in November 2012 and 17% in November 2011 and 13% in November 2010).  16% of the activity accounting for newly active listings.

Newly Active Raleigh Real Estate in November

Raleigh New Active Real Estate - November

Take a peak at the new Raleigh NC Homes for Sale on the market in November (in alphabetical order by subdivisions)

Active Raleigh Detached Homes for sale last month

Raleigh Active Real Estate - November

Raleigh offers ample opportunities for individuals and families with diverse wants and needs to find a home here.  With just under 1500 homes for sale ranging between $43,000 and $4,850,000, with the right Realtor®, home buyers are sure to find a home that meets their needs.

Whether you’ve outgrown your home and need something larger; are relocating to the area, are empty-nesters ready to down-size, or are just looking to capitalize on the Triangle investment opportunities, locating a great match (with the right Realtor®) will not be an problem here in Raleigh.

Raleigh Real Estate that went Under Contract last month

Raleigh Pending Real Estate - November

Raleigh Homes that sold in November

Raleigh Closed Real Estate - November

Recapping again, for a year over year comparison there were 359 sold homes in November this year, 335 in November 2012, 257 in November 2011 and 215 in November 2010.  Just a reminder, the above information and charts reflect only detached home activity in Wake County.

*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.

Whatever your Triangle real estate needs, we are here for you.  Give us a call and we’ll help you through your home buying and selling transitions.  With decades of experience – real estate is what we love and what we do.  Not sure if we’re right for you?  Read a bit about what some of our past clients have had to say about us in their testimonials and reviews.

Happy Real Estate Stats in Wake County Add to a Happy Thanksgiving

November Real Estate Info for Wake County

Happy statistics for real estate in Wake County add to a happy Thanksgiving in November!

Wake County November Real Estate Stats

Closed homes averaged only 69 days on the market for those single family detached homes last month, with lower priced homes selling on average much more quickly than higher.  At an average of 98% sale to list price, demand for Wake County real estate is strong.  Are you in the market for Wake County real estate?  Our goal is to provide the service and information you need for your relocation.

The pie chart compares the percentages of listings that are new to the market, active (for more than 1 month), closed, and went under contract, last month.  In November 2013 28% of real estate activity either closed or went under contract.  Comparing year over year, this 28% is a substantial increase over the 23% in November 2012, 17% in November 2011 and 14% in November 2010 for single family detached closed and pending sales.

Monthly we release our full Wake County real estate market reports revealing how our areas single family detached homes performed as a whole month over month.

Wake County Newly Listed Real Estate – November 2013

Wake County New Active Real Estate - November

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

Active Wake County Real Estate in November

Wake County Active Real Estate - November

With just over 3,300 homes for sale ranging from $32,900 to $4,850,000 with an average price of a home for sale in Wake County being (slightly lower than last month) $371,946 we have ample options to meet the needs of even the most fastidious tastes, in one of the greatest cities in America (more on that in our collection of Triangle area accolades).

Wake County Pending Real Estate Last Month

Wake County Pending Real Estate - November

Wake County Real Estate Closed in November, 2013

Wake County Closed Real Estate - November

The above information and charts reflect only detached home activity in Wake County.

*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.

Whatever your Triangle real estate needs, we are here for you. Give us a call and we’ll help you through your home buying and selling transitions. With decades of experience – real estate is what we love and what we do. Want to learn more? Read what some of our past clients have had to say about us: testimonials and reviews.

Closed Sales UP and Average Days on Market DOWN

Closed sales are up and the average days on the market is down – the October 2013 snapshot of Triangle area real estate activity reveals good news for home buyers and sellers in the area.  Here are some quick stats representing the entire Triangle MLS area (before we dive into performance details for Wake County homes).

  • Homes sold in October 2013 vs October 2012 = 2,320 vs 1,988 representing an increase of 16.7%
  • At the end of October 2013 the inventory of homes for sale was 13,281 vs 14,378 in October 2012, a decrease of 7.6%
  • The Days on Market until sale decreased by 20.3% for the same period with an average of 93 in October 2013 vs 117 in October 2012

Oddly we couldn’t find released numbers for the Triangle unemployment rate in September (possibly due to the government shut down?)… the previous month however dropped sharply to its lowest point in nearly 5 years, reaching 6.6% in August, down from 7.2% in July.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the following counties:  Orange, Durham, Johnston and Wake County.  Presenting the Triangle MLS (multiple listing service) October market update with Stacey Anfindsen:

Knightdale October Real Estate Stats

Wake County Real Estate Statistics

Our goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

To break down the information above, the tables below detail the October 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:October Wake County Real Estate Activity

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of new active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

October Wake County Real Estate Average Days on Market

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in October.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – October 2013

October Real Estate Market Active Homes

Wake County Real Estate that Went Under Contract Last Month

October Wake County Real Estate Pending

Wake County Real Estate that Sold in October 2013

October Wake County Real Estate Closed

Just some highlights:

Average Days on Market in the Triangle

The average days on the market for homes in the entire Triangle area last month was 93 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  93 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location, desirability, and price bracket.

The low and high per area for days on market before closing in October were Holly Springs averaging (an incredibly impressive) 73 days, and Garner with an average of 138 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the other Triangle areas noted above fall between the two (see chart outlining the average days on market above for the breakdown).

E-mail Me Homes Matching my Criteria

If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


Disclaimer: 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. Realtor is a registered trademark of the National Association of Realtors.