WAKE FOREST AND ROLESVILLE AREA HOUSING MARKET DATA

There was an increase in total units sold in February, with 113 sold this month in Wake Forest and Rolesville Area Real Estate versus 111 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 18% versus February 2024.

Versus last year, the total number of homes available this month is higher by 82 units or 26%. The total number of active inventory this February was 400 compared to 318 in February 2024. This month's total of 400 is higher than the previous month's total supply of available inventory of 370, an increase of 8%.

Last February, the median sale price for Wake Forest and Rolesville Area Homes was $536,500. This February, the median sale price was $484,330, a decrease of 10% or $52,170 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.

In February, there was 3.5 months of supply available in Wake Forest and Rolesville Area, compared to 2.3 in February 2024. That is an increase of 54% 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 172 homes newly listed for sale in Wake Forest and Rolesville Area compared to 184 in February 2024, a decrease of 7%. There were 124 current contracts pending sale this February compared to 152 a year ago. The number of current contracts is 18% lower than last February.

In February, the average sale price in Wake Forest and Rolesville Area was 99.0% of the average list price, which is 1.0% higher than at this time last year.

This month, the average number of days on market was 59, lower than the average last year, which was 102, a decrease of 42%.





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

Zip Code(s): 27587 and 27571
Units Sold 113	Active Inventory 400	Median Sale Price $484,330	Days On Market 59

Down -18% Vs. Year Ago	Up 26% Vs. Year Ago	Down -10% Vs. Year Ago	Down -42% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 113 sold this month in Wake Forest and Rolesville Area Real Estate versus 111 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 18% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 82 units or 26%. The total number of active inventory this February was 400 compared to 318 in February 2024. This month's total of 400 is higher than the previous month's total supply of available inventory of 370, an increase of 8%.
		Median Sale Price Last February, the median sale price for Wake Forest and Rolesville Area Homes was $536,500. This February, the median sale price was $484,330, a decrease of 10% or $52,170 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.



New Listings 172	Current Contracts 124	Sold Vs. List Price 99.0%	Months of Supply 3.5

Down -7% Vs. Year Ago	Down -18% Vs. Year Ago	Up 1% Vs. Year Ago	Up 54% Vs. Year Ago


		Months of Supply In February, there was 3.5 months of supply available in Wake Forest and Rolesville Area, compared to 2.3 in February 2024. That is an increase of 54% 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 172 homes newly listed for sale in Wake Forest and Rolesville Area compared to 184 in February 2024, a decrease of 7%. There were 124 current contracts pending sale this February compared to 152 a year ago. The number of current contracts is 18% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Wake Forest and Rolesville Area was 99.0% of the average list price, which is 1.0% higher than at this time last year. Days on Market This month, the average number of days on market was 59, lower than the average last year, which was 102, a decrease of 42%.


	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.