As is the trend in most of the country our Active Listings in Wake Forest are up. As indicated by the chart below listings are up 25% for Wake Forest.
The next chart will help you to visualize the month to month trend from January 2008 through June 2008 of active listings in Wake Forest. While the trend overall for the year may be up there does not to appear to be any wild fluctuations from month to month.
While the overall aborption rate for the country is reported at 11 it would appear that Wake Forest is bucking the trend. We have had a steady decline in our absorption rate since January 2008 and are currently at 9.
Lastly, Wake Forest maintains a healthy portion of sales in Wake County overall. Wake County had aproximately 6991 sales with Wake Forest capturing 12%.
If you have any questions about the charts above, what they mean or how they may pertain to you whether buying or selling a home, please feel free to call me or email me - I would be delighted to help!
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Welcome to Wake Forest NC!
Live, Love, Work and Play...
And the Surrounding Towns and Cities of Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs
Leesa Finley the "Wake Forest NC House Chick"
Circa Properties
919-649-6128
To Search for Homes for Sale in Wake Forest NC please visit
www.LeesaFinley.com
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Leesa, while your listings have crept up, as have the national trends, a bright spot has been heading toward more of a balanced market with the absorption rate declining. All great information for the local market. The other two everyone likes is sales in total dollars comparison increasing or decreasing and year over year median or avg. sales price. Great graphics by the way.
Gary - Thanks for the advice and I will keep that in mind with future market reports!
Hi Leesa,
Great presentation, thanks for taking the time to be so thorough. Our market is experiencing a decline in the total number of homes on the market. That is reassuring for us here in the Tampa Bay area.
Hal - That is VERY good to hear about the Tampa Bay area! I have some close friends that just moved recently to the Clearwater area - they are in heaven. Thanks for your compliments on my graphs!