When we say buy now—we mean it. The median sales price of Wake County real estate is continuing at an upward trajectory with another new all-time high in October 2021. According to the Wake County Register of Deeds, the median sales price in October was $398,500, which was an $8,500 increase from September 2021 and a $69,500 increase from January 2021.
Meanwhile, transactions in the Core Market (property valued at $1 million or less) saw 2,928 transactions totaling $1.18 billion, up over $165 million (14%) from September 2021’s core market transactions of $1.02 billion. 95.06% of October 2021’s transactions occurred in the core market.
“October 2021 reached over $209 million in sales with four real estate transactions for the very high-value segment (transactions worth $30 million and above) in Wake County. Three out of the four transactions were apartment/townhome transfers.”
Real estate lending activity is also on the rise. Activity went up in October 2021 by .58% from September 2021, with 7,071 deeds of trust transactions in October of this year.
To sum all this up, Wake County’s real estate market is getting hotter and hotter (and, in turn, pricier and pricer), so we’ve said it once and we’ll say it again—the longer you wait to buy, the more expensive it’s likely to be!
To view Wake County’s full real estate report, click the button below.
Ready to Buy?
If you need help buying or selling a home, we are here for you! One of our specialties at Hillman Real Estate Group is representing the best interests of Triangle-area buyers throughout the home buying process. Our comprehensive, high-quality services will save you time and money, as well as make the experience more enjoyable and less stressful.
If you’re like most people, buying a home is the largest investment you will ever make. So whether you’re buying a starter home, your dream home, or an investment property, why not take advantage of our experience as local market experts for the Triangle area to make the most informed decisions you can, every step of the way?