Wake County Real Estate Trends Q1 2014
Closed Sales
The number of closed sales versus the number of new listings is a good indicator of the overall balance of the market. As you can see, in December, it was a sellers’ market with nearly 57% of the market activity accounting for closed sales. However with the unusually cold winter, and an equally cold chill from mortgage underwriters caused by the implementation of new mortgage lending rules, closed sales eased in January & February while new listings surged. Warmer weather in late February and early March helped to boost sales and finish the quarter on a high note.
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