Wake County Real Estate Report - August 2011
Closings up 22.8% - Home Sales Increasing
The Triangle MLS Report for August 2011 has been released, and shows a significant increase in closings in 2011 versus 2010.
August 2010 - 836 Closed Sales in Wake County
August 2011 - 1027 Closed Sales in Wake County
22.8% Increase in Closed Sales in Wake County
Not only that, but new listings are down significantly, which means there are fewer choices to select from.
August 2010 - 2015 New Listings in Wake County
August 2011 - 1550 New Listings in Wake County
23.3% DECREASE in New Listings Available in Wake County
The total inventory of homes for sale is also down significantly - the inventory of available homes in Wake County was 22.1% lower in August 2011 than in August 2010.
Compare areas of the Triangle and read up-to-date Raleigh Market Reports
Wake County NC is located at the center of Harnett, Chatham, Durham, Granville, Franklin, and Johnston Counties.
Wake County encompasses Apex, Cary, Fuquay Varina, Garner, Holly Springs, Knightdale, Morrisville, Raleigh, Rolesville, Wake Forest, and Wendell. Nearby towns and cities include Angier, Chapel Hill, Clayton, Durham, and Pittsboro.
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Articles copyright Stanton Homes 2006-2011. Unauthorized use is not permitted. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of any lot listings, but can work with homebuyers to purchase available lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan. Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.
Penny, It is good to read that sales have increased, This is good news for consumers in your area.
Gita - Raleigh has continued to be one of the strongest markets in the nation. It's a great area!