Wake County Market Update - July 2023
- Aug 2, 2023
- 1 min read
Wake County Market Update- July 2023
1440 Homes Closed! š
With an average of just 13 days on market
Median Sold Price: $482,500
Property Type Breakdown šļø
Out of the 1440 closed homes, here's the breakdown by property type:
346 New Construction Homes šļø
294 Attached Townhomes šļø
1058 Single Family Homes š”
85 Condos šļø
3 Manufactured Homes š
The highest priced home sold for $3.75 million in North Raleigh!
On the other hand, the least expensive home sold was a condo at $110,000 in East Raleigh.
Among the recent closings, on average most sellers are getting exactly the list price, BUT one seller received an incredible 85% OVER the asking price in Garner! š¤
With just over one month's supply of inventory, we're still in a sellers' market!
A balanced market is typically 5-7 months of supply.
Interested in learning about your buying power or how much your home is worth? Reach out & let's chat! Meredith@caulteam.com.
*Information from TMLS*
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