Wake Forest, NC Market Report for October 2008

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 Leesa Finley Wake Forest Homes
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.


Learn more about Wake County, Johnston County, Granville County, and Franklin County, North Carolina Real Estate which includes Raleigh, Cary, Wake Forest, Youngsville, Franklinton, Apex, Holly Springs, Garner, Fuquay Varina, Creedmoor, Clayton and more!


 

 
 
 
 

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Welcome to Wake Forest NC!

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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


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Comments

Leesa: Very impressive market reports. You stand out!!!

Posted by Kelly Willey SHORT SALE Agent HARFORD COUNTY MARYLAND REAL ESTATE (Long and Foster BEL AIR MARYLAND) about 3 years ago

Kelly - Thanks so much - I appreciate that!

Posted by Leesa L. Finley -Wake Forest NC REALTOR® Wake Forest NC & Raleigh NC Real Estate (Circa Properties - Your Wake Forest NC Homes Specialist) about 3 years ago

I have to agree with Kelly - those are some very amazing market reports. I bet you clients love seeing those. Nice work.

Posted by Anita Beach - Real Estate Assistant Maple Valley, WA (RE/MAX Select Real Estate) about 3 years ago

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 :)

Posted by Kara Casamassina, "Boomers and beyond..." (The Carolina Real Estate Company) about 3 years ago

Nice looking reports looks like the market is settling down.

Posted by Terry+Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate (Westbrook Realty Broker-Owner) about 3 years ago

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?

Posted by Leesa L. Finley -Wake Forest NC REALTOR® Wake Forest NC & Raleigh NC Real Estate (Circa Properties - Your Wake Forest NC Homes Specialist) about 3 years ago

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