Key Wake County Market Take-aways as we Head into Fall

* 23.5% decline in new listings from this time last year

* 17.2% decline in closed sales from this time last year

* Median sales price increased by 0.8%

* Average sales price increased by 2.3%

* This time last year, sellers were getting about 4% more than list price, this year, sellers are getting around 98% of the list price

- Days on market increased from an average of 10 days to an average of 26 days

What this tells us is that inventory is still low and we have quite a bit of demand with buyers. Prices are continuing to rise, slowly but surely. Days on market has increased and some sellers are getting lower than list price. Buyers are taking a little bit longer to make a decision and when they do, they're often negotiating terms with sellers.

Sound like a confusing market? I'm here to help you navigate it!

Reach out at 828-381-1197 or meredith@caulteam.com and let's make a game plan!