The residential Real Estate numbers for Wake County in North Carolina for July 2009show a familiar sight with most numbers in the minus category but I don't think anyone will be surprised at that.
Listings dropped in July 2009 to 2175 from 2509 while the year to date dropped from 18,550 to15,343. A positive sign if you consider less houses on the market makes the ones out there more attractive.
Closed sales in July 2009 were 1,274 a drop of 10.5 % from 2008 of 1,424, while Year to date closed sales went from 8,961 to 6,495 a 27.5% drop.
Inventory of homes also fell from 9,727 in 2008 to 8,632 in July 2009.
The median sales price in July 2008 was $214,945 and in July 2009 $207,000 and the percent of original list price received at sale in 2008 was 97.9% while in 2009 it was 96.8% ( these numbers do not account for seller concessions)
If you would like more information or you are interested in a particular neighborhood please send me an email at email@example.com
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The figures for the market update come from the Triangle MLS and while they are deemed to be accurate they should not be used as a basis for determining the list or sale price of a house.
Call (919) 601-2268 or email irishdavid2011@gmail .com