WAKE FOREST AND ROLESVILLE AREA HOUSING MARKET DATA

There was an increase in total units sold in May, with 181 sold this month in Wake Forest and Rolesville Area Real Estate versus 165 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 2% versus May 2024.

Versus last year, the total number of homes available this month is higher by 146 units or 39%. The total number of active inventory this May was 518 compared to 372 in May 2024. This month's total of 518 is higher than the previous month's total supply of available inventory of 454, an increase of 14%.

Last May, the median sale price for Wake Forest and Rolesville Area Homes was $490,150. This May, the median sale price was $499,990, an increase of 2% or $9,840 compared to last year. The current median sold price is 5% higher than in April.

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

In May, there was 2.9 months of supply available in Wake Forest and Rolesville Area, compared to 2.1 in May 2024. That is an increase of 36% 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 285 homes newly listed for sale in Wake Forest and Rolesville Area compared to 232 in May 2024, an increase of 23%. There were 192 current contracts pending sale this May compared to 171 a year ago. The number of current contracts is 12% higher than last May.

In May, the average sale price in Wake Forest and Rolesville Area was 99.6% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 48, higher than the average last year, which was 37, an increase of 30%.





FOCUS ON: WAKE FOREST AND ROLESVILLE AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27587 and 27571
Units Sold 181	Active Inventory 518	Median Sale Price $499,990	Days On Market 48

Up 2% Vs. Year Ago	Up 39% Vs. Year Ago	Up 2% Vs. Year Ago	Up 30% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 181 sold this month in Wake Forest and Rolesville Area Real Estate versus 165 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 2% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 146 units or 39%. The total number of active inventory this May was 518 compared to 372 in May 2024. This month's total of 518 is higher than the previous month's total supply of available inventory of 454, an increase of 14%.
		Median Sale Price Last May, the median sale price for Wake Forest and Rolesville Area Homes was $490,150. This May, the median sale price was $499,990, an increase of 2% or $9,840 compared to last year. The current median sold price is 5% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 285	Current Contracts 192	Sold Vs. List Price 99.6%	Months of Supply 2.9

Up 23% Vs. Year Ago	Up 12% Vs. Year Ago	No Change Vs. Year Ago	Up 36% Vs. Year Ago


		Months of Supply In May, there was 2.9 months of supply available in Wake Forest and Rolesville Area, compared to 2.1 in May 2024. That is an increase of 36% 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 285 homes newly listed for sale in Wake Forest and Rolesville Area compared to 232 in May 2024, an increase of 23%. There were 192 current contracts pending sale this May compared to 171 a year ago. The number of current contracts is 12% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Wake Forest and Rolesville Area was 99.6% 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 48, higher than the average last year, which was 37, an increase of 30%.


	Wake Forest and Rolesville Area are defined as properties listed in zip code/s 27587 and 27571.
	*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.