Wake Forest, NC Market Report for December, 2007

Active Listings:

* December's statistics are through January 09, 2008.

There were 1252 active listings for the month of December 2007* which includes townhomes and condos.  In comparison, there were 926 actives listing for the month od December 2006 (which were computed through January 15, 2007).  A substantial increase of 35% is nothing to take lightly. 

Closed Listings:

There were 2105 closings for the year of 2007 in Wake Forest.  Of those closings 20% had a price point of $400,000 or higher.  We still retain a 7 month supply of homes in Wake Forest.  We still maintain a higher than average absorption rate compared with the rest of Wake County.  Average days on market for Wake Forest for the month of December was 80.

Additional Statistics: 

  • The top 2 selling subdivisions in all of Wake County were located in NoRa and Wake Forest.  They are Heritage and Wakefield Plantation. 
  • Zip code 27587 (Wake Forest) had a total of 84 closings in the month of December, 2007.
  • Average sales price for all of Wake County was $252,981
 
 
 
 

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