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| FEBRUARY 2025 | |||
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| Units Sold 1,020 |
Active Inventory 3,012 |
Median Sale Price $457,250 |
Days On Market 54 |
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| Down -14% Vs. Year Ago |
Up 27% Vs. Year Ago |
Up 3% Vs. Year Ago |
Down -34% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 1,020 sold this month in Wake County Real Estate versus 947 last month, an increase of 8%. This month's total units sold was lower than at this time last year, a decrease of 14% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 648 units or 27%. The total number of active inventory this February was 3,012 compared to 2,364 in February 2024. This month's total of 3,012 is higher than the previous month's total supply of available inventory of 2,831, an increase of 6%. |
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Median Sale Price
Last February, the median sale price for Wake County Homes was $445,000. This February, the median sale price was $457,250, an increase of 3% or $12,250 compared to last year. The current median sold price is 3% lower than in January. 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 1,645 |
Current Contracts 1,254 |
Sold Vs. List Price 98.9% |
Months of Supply 3.0 |
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| Up 1% Vs. Year Ago |
Down -9% Vs. Year Ago |
Down -0.7% Vs. Year Ago |
Up 48% Vs. Year Ago |
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Months of Supply
In February, there was 3.0 months of supply available in Wake County, compared to 2.0 in February 2024. That is an increase of 48% 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 1,645 homes newly listed for sale in Wake County compared to 1,623 in February 2024, an increase of 1%. There were 1,254 current contracts pending sale this February compared to 1,381 a year ago. The number of current contracts is 9% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Wake County was 98.9% 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 54, lower than the average last year, which was 82, a decrease of 34%. |
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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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