Wake County Real Estate Report - October 2011
Closings up 19.8% - Home Sales Continue to Increase
The Triangle MLS Report for October 2011 has been released, and shows a significant increase in closings in 2011 versus 2010.
October 2010 - 698 Closed Sales in Wake County
October 2011 - 836 Closed Sales in Wake County
19.8% 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.
October 2010 - 1721 New Listings in Wake County
October 2011 - 1368 New Listings in Wake County
20.5% DECREASE in New Listings Available in Wake County
Available Homes for Sale in Wake County DOWN 24.5%
The total inventory of homes for sale is also down significantly - the inventory of available homes in Wake County was 24.5% lower in October 2011 than in October 2010.
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Thinking about Relocating to Raleigh NC?
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,
I'm so glad to hear these statistics for Raleigh area. It certainly shines the light brighter on the value of a new Stanton Built home in the Triangle Counties area.
Steve