Raleigh Housing Market Stays Strong
Home Sales Up Again in Raleigh, NC - March 2012 Market Report
There was a huge increase in closings in March 2012 versus March 2011, according to the recently released Triangle MLS Report for March 2012.
13.1% Increase in Closed Sales in Wake County
Wake County closed sales are up 13.1 percent in March 2011 versus March 2012.
March 2011 - 887 Closed Sales in Wake County
March 2012 - 1,003 Closed Sales in Wake County
11.3% DECREASE in New Listings Available in Wake County
In addition, new listings have reduced as well, which means there are fewer choices to select from.
March 2011 - 2,422 New Listings in Wake County
March 2012 - 2,149 New Listings in Wake County
33.2% DECREASE in Total Homes For Sale in Wake County
The total available inventory of homes for sale in the Raleigh area, specifically in Wake County, has decreased from 9,051 last year to 6,049 this year.
Wake County is currently at a 6.6 months supply of inventory - roughly the lowest it's been for about 4 years. 6 months of supply represents neither a buyers or a sellers market. Much lower than a six month supply, and Wake County will move to a "Seller's Market".
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.
Moving to Wake County: Wake County, NC New Homes Resources