Wake County home sales report

The home sales numbers for March are shown below. All sales are for Wake County, NC and include Raleigh, Wake Forest, Rolesville, Wendell, Zebulon, Knightdale, Garner, Willow Springs, Fuquay Varina, Holly Springs, Apex, Cary and Morrisville.

Looks like we are seeing improvement over last spring’s real estate sales as expected. The market is still soft in many of the outlying areas. I was poking around our MLS the other day and found that Morrisville was selling extremely well with new townhouses priced under $200k.


March Year to Date
Wake County, NC 2009 2010 Change 2009 2010 Change
New Listings 2,334 2,883 23.52% 6,782 7,325 8.01%
Closed Sales 873 994 13.86% 2,059 2204 7.04%
Median Sales Price $200,000 $205,000 2.50% $200,000 $201,154 0.58%
Average Sales Price $253,707 $252,814 -0.35% $252,489 $247,992 -1.78%
Total Dollar volume (in millions) $221.50 $251.30 13.45% $519.90 $546.60 5.14%
% of Original List Price Received at Sale* 96.50% 96.90% 0.41% 96.40% 96.90% 0.52%
Average Days on Market Until sale 101 102 0.99% 102 104 1.96%
Inventory of Homes for Sale 9,198 8,962 -2.57%
*Does not account for seller concessions to buyer
*Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to the small sample size involved.

Home sales data reported was provided by Triangle Multiple Listing Service, Inc.