The Current Wake County Real Estate Stats going into 2007 is:
Currently Active Homes: 6105
Sold the last 30 days: 1304
Sold in the last 3 months: 4448
Sold in the last 6 months: 10452
Sold in the 12 months: 20561
Current Market Abosorbtion Rate: 4.7 months supply of home in the Wake County Market.
Factors contrubuting to this time frame: Holidays (Christmas, Thanksgiving, New Years)
The Market will start to pick up steam in Late January / Early February.
Sellers Market - less than 6 months supply
Balanced Market - 6 months supply
Buyers Market - more than 6 months supply
So, It is still a Sellers market in the cold months.
If you have any questions, please feel free to call or email
bwray@wrayenterprises.com
919-880--4188
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