Raleigh’s “Weak and Declining” Real Estate Market
The Median and Average Sales Prices really don’t tell me much because they can be so varied. For example, if demand for luxury homes in Wake County exceeds that of low end affordable houses, then the average will be significantly higher.
Conversely, if the number of homes sold in the low end is greater in any given month, then it will drive down the median sales price. It is of value nonetheless because it can provide a snapshot of the overall market prices.
Wake County real estate average prices have had an overall upward trend since December rising a healthy 3.5% in June Over December while the Median is nearly flat with only a modest gain of .375%. But as you can see, that’s a huge difference between the year over year increase of 5.1% and the running tally!
Wake County real estate average prices have had an overall upward trend since December rising a healthy 3.5% while the Median is nearly flat with only a modest gain of .375%.
Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183