*January Statistics run through February 15, 2008
There were 1336 active listings for the month of January 2008* which includes townhomes and condos. In comparison, there were 961 actives listing for the month of January 2007 (which were computed through February 15, 2007). A substantial increase of 39% is noted.
There were 87 closings for the month of January 2008 (computed from Jan. 1 - Jan. 31, 2008) in Wake Forest. Of those closings 17% had a price point of $400,000 or higher. The supply of homes in Wake Forest has jumped from a 7 month supply in the last report to a staggering 15 month supply. Wake Forest currently has the HIGHEST absorption rate in Wake County.
Average days on market for Wake Forest for the month of January was 111.
Additional Statistics: The top 2 subdivisions for listings in all of Wake County were located in NoRa and Wake Forest. They are Heritage (146 listings) and Wakefield Plantation (94 listings). There were 862 closings for ALL of Wake County for Jan. 08 compared to 1431 closings in Jan. 07.