The number of Active Listings in Wake Forest comparing the current year to 2007 has had a minimal increase of only 2%. This lends to the stabilized Absorption Rate that we are currently seeing. See next graph.
Wake Forest is STILL under that National Trend for our Absorption Rate. We have maintained an Absorption Rate of 9 for the last 5 months. It will be interesting to see where this trend goes going into the Holiday Season. While many sellers and buyers shy away from the housing market during this time it is ironically one of the best times of the year to buy or sell a home.
Wake Forest maintains a healthy slice of the "Sales Pie" for the Wake County area. North Raleigh/North Wake and the Cary/Morrisville/Apex areas are thus far the most prevalent for sales this year.
The top selling development for ALL of Wake County is once again Heritage which is located right here in Wake Forest, NC. For more information regarding Heritage, the above statistics or statistics tailored more towards another area in Wake County please feel free to email me or call - I will be happy to assist you.
*All of the above statistics were compiled using data from the September 2008 Market Update provided to members of the Triangle MLS. All graphs were created by Leesa L. Finley and are my own material
Written by:
Leesa L. Finley, Broker, Realtor®
Circa Properties
919.649.6128 - direct and txt msg
All content, including text, original art, photographs and images, is the exclusive property of Circa Properties, and may not be used without the expressed written permission of Circa Properties. All information is believed to be accurate but is not warranted, Copyright 2008.
Whether you are buying or selling Real Estate in Wake Forest NC it just makes sense to use a Realtor® that knows the area! I live here, work here and play here - I call Wake Forest NC home! For more information regarding Wake Forest NC be sure to visit my websites:
- Leesa Finley - Homes for Sale in Wake Forest NC, Wake Forest NC schools, restaurants, shops, entertainment and MORE....
- Circa Properties - My company website with information for the entire Raleigh NC area including Cary, Apex, Garner, Franklinton, Youngsville, Holly Springs and MORE....
Leesa: Very impressive market reports. You stand out!!!
Kelly - Thanks so much - I appreciate that!
I have to agree with Kelly - those are some very amazing market reports. I bet you clients love seeing those. Nice work.
Good Morning Leesa - you have done a fabulous job with this market report! You are providing great info for your market area. Have a great weekend :)
Nice looking reports looks like the market is settling down.
Anita - Thank you so much! I just like explaining numbers in different ways - we all learn and absorb info a little differently!
Kara - Thanks - I actually enjoy doing them! You have a great weekend too!
Terry - FINALLY, right?