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| OCTOBER 2024 | |||
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| Units Sold 1,418 |
Active Inventory 3,285 |
Median Sale Price $475,000 |
Days On Market 38 |
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| Up 21% Vs. Year Ago |
Up 3% Vs. Year Ago |
No Change Vs. Year Ago |
Down -54% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in October, with 1,418 sold this month in Wake County Real Estate versus 1,192 last month, an increase of 19%. This month's total units sold was higher than at this time last year, an increase of 21% versus October 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 110 units or 3%. The total number of active inventory this October was 3,285 compared to 3,175 in October 2023. This month's total of 3,285 is lower than the previous month's total supply of available inventory of 3,339, a decrease of 2%. |
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Median Sale Price
Last October, the median sale price for Wake County Homes was $475,000. This October, the median sale price was $475,000, which is similar compared to a year ago. The current median sold price is 1% higher than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 1,706 |
Current Contracts 1,285 |
Sold Vs. List Price 98.8% |
Months of Supply 2.3 |
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| Up 14% Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
Down -14% Vs. Year Ago |
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Months of Supply
In October, there was 2.3 months of supply available in Wake County, compared to 2.7 in October 2023. That is a decrease of 14% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 1,706 homes newly listed for sale in Wake County compared to 1,498 in October 2023, an increase of 14%. There were 1,285 current contracts pending sale this October compared to 1,167 a year ago. The number of current contracts is 10% higher than last October. |
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Sale Price to List Price Ratio
In October, the average sale price in Wake County was 98.8% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 38, lower than the average last year, which was 83, a decrease of 54%. | |||
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Wake County are defined as properties listed in zip code/s . | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc. |
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