August 2011 Wake County Market Report - Closings Up, Inventory Down

Wake County Real Estate Report - August 2011

Closings up 22.8% - Home Sales Increasing

The Triangle MLS Report for August 2011 has been released, and shows a significant increase in closings in 2011 versus 2010.

Market Reports - Wake County New Homes | Raleigh New Homes August 2010 - 836 Closed Sales in Wake County

August 2011 - 1027 Closed Sales in Wake County

22.8% Increase in Closed Sales in Wake County

Not only that, but new listings are down significantly, which means there are fewer choices to select from.

August 2010 - 2015 New Listings in Wake County

August 2011 - 1550 New Listings in Wake County

23.3% DECREASE in New Listings Available in Wake County

The total inventory of homes for sale is also down significantly - the inventory of available homes in Wake County was 22.1% lower in August 2011 than in August 2010.

Compare areas of the Triangle and read up-to-date Raleigh Market Reports

Wake County NC is located at the center of Harnett, Chatham, Durham, Granville, Franklin, and Johnston Counties.

Wake County encompasses Apex, Cary, Fuquay Varina, Garner, Holly Springs, Knightdale, Morrisville, Raleigh, Rolesville, Wake Forest, and Wendell. Nearby towns and cities include Angier, Chapel Hill, Clayton, Durham, and Pittsboro.

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