Welcome to the weekly report for real estate in Wake Forest, NC. This report covers homes for sale with a Wake Forest address.
· As of today there are 908 homes on the market in Wake Forest.
· The average list price is $428,962 with a median price of $349,900.
· Homes in Wake Forest have been on the market an average of 165 days.
· There are currently 107 homes under contract.
October 2008 Statistics:
· For the month of October there were 58 homes that closed in Wake Forest with an average sales price of $326,396 and median price of $277,995.
· Homes sold for an average of 96% of the list price.
· In contrast there were 118 homes in Wake Forest that closed in October of last year (2007) for an average of 98% of the list price.
There is a lot of inventory on the market right now which means that it is a great time to buy. In a few years time everyone will probably be telling themselves that they wished they would have purchased a home at today’s prices. Now is also a great time to sell your current home and move up to a large home. Even if you need to sell your current home for less than desired you will more than recoup the difference in what you will be able to purchase the larger home!
As always please remember the Alice Ray Team when you or anyone you know is thinking about buying or selling homes in the Wake Forest area. We are a full time, full service real estate team here to help you 7 days a week.