Raleigh, NC Area Foreclosure Sales

Raleigh foreclosure listings and sales have been amazing consistant over the last eight to ten months. This is great not only for investors, asset managers, and banks but really awesome for homeowners.

Foreclosure sales in Wake County, NC have totaled less than 62 for each of the last three months! That is less thank 5% of the market, a great stat compared to the midwest or west coast. This tells me that foreclosures are not putting downward price pressure on civillian home sellers in Wake County.

Those numbers only leave a two month supply of Foreclosure listings in Wake County, no problem. With these numbers there should be price stability, or at worst case any downward pressure is simply demand (see job security) pressures.

It is great to see good news about the Raleigh foreclosure market!