The Wake County real estate market data for December 2011 is available and the positive trend continues for the fifth month in a row. It seems there is nothing but good news about Raleigh lately; creating the chicken or the egg debate. Is the market improving because Raleigh is experiencing so much good press or is the city getting good press because the market is strong? Either way, it is all good.
The trend of increase in the number of closed sales and increase in median home prices continued, a trend that began in August. Inventory continues to decrease, which is making it harder for buyers to find a home they want and easier for sellers to find a buyer for their property.
If this trend continues, we could see a move away from the current buyer’s market to a more neutral market with shorter days on the market for sellers.
Read the stats here and let me know if I can answer any questions:
wake county market data 12:11
