WAKE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in July, with 1,677 sold this month in Wake County Real Estate versus 1,641 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 19% versus July 2024.

Versus last year, the total number of homes available this month is higher by 1,373 units or 43%. The total number of active inventory this July was 4559 compared to 3,186 in July 2024. This month's supply remained stable as compared to last month.

Last July, the median sale price for Wake County Homes was $490,877. This July, the median sale price was $490,000, which is similar compared to a year ago. The current median sold price is 2% lower than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In July, there was 2.7 months of supply available in Wake County, compared to 2.3 in July 2024. That is an increase of 20% 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.

This month there were 2,157 homes newly listed for sale in Wake County compared to 1,790 in July 2024, an increase of 21%. There were 1,539 current contracts pending sale this July compared to 1,291 a year ago. The number of current contracts is 19% higher than last July.

In July, the average sale price in Wake County was 98.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 37, higher than the average last year, which was 30, an increase of 23%.





FOCUS ON: WAKE COUNTY HOUSING MARKET			JULY 2025

Units Sold 1,677	Active Inventory 4,559	Median Sale Price $490,000	Days On Market 37

Up 19% Vs. Year Ago	Up 43% Vs. Year Ago	No Change Vs. Year Ago	Up 23% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 1,677 sold this month in Wake County Real Estate versus 1,641 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 19% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 1,373 units or 43%. The total number of active inventory this July was 4559 compared to 3,186 in July 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last July, the median sale price for Wake County Homes was $490,877. This July, the median sale price was $490,000, which is similar compared to a year ago. The current median sold price is 2% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 2,157	Current Contracts 1,539	Sold Vs. List Price 98.8%	Months of Supply 2.7

Up 21% Vs. Year Ago	Up 19% Vs. Year Ago	No Change Vs. Year Ago	Up 20% Vs. Year Ago


		Months of Supply In July, there was 2.7 months of supply available in Wake County, compared to 2.3 in July 2024. That is an increase of 20% 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.
New Listings & Current Contracts This month there were 2,157 homes newly listed for sale in Wake County compared to 1,790 in July 2024, an increase of 21%. There were 1,539 current contracts pending sale this July compared to 1,291 a year ago. The number of current contracts is 19% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Wake County was 98.8% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 37, higher than the average last year, which was 30, an increase of 23%.


	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.