Wake County Market Update

Real-time stats from the local MLS

Strategic Overview

Wake County, like other areas, is experiencing an annual surge in listing inventory, a drop in median days on market, and healthy price stability. Be careful to zoom in: pockets of multiple offers and above-list contracts are out there

01. What Homes Are Selling For

The Bottom Line on Prices

This graph shows the Median Sales Price – the middle point of all home sales in the county. It’s the best way to see what most homes are worth without the “fixer-uppers” or “mansions” skewing the numbers. We watch this to see if home values are staying steady or growing.

02. How Fast Homes Sell

Market Speed

This shows Days on Market – how long a typical home is for sale before it goes under contract. When this number is low, buyers are moving fast and competition is high. If you’re buying, it tells you how quickly you’ll need to decide.

03. New Homes on the Market

Supply and Demand

This tracks New Listings – how many homeowners are putting their houses up for sale. More listings mean more choices for buyers. We watch this to see if the selection of homes is growing or shrinking, which tells us who has the upper hand in negotiations.

READ THE RALEIGH MARKET MINUTE: ZIP-BY-ZIP QUESTIONS & ANSWERS →