Wake County Real Estate: Prices Dip, But Market Stays Strong

February brought a slight shift in the Wake County housing market, with the median sales price dipping to $456,000, a 3% drop from January. While that might seem like a win for buyers, closed sales also fell by 3%, meaning the market is still moving at a steady pace.

Here’s what else is happening:

- Price per square foot rose 2.5%, keeping home values on an upward trend.

- New listings jumped 32.1% compared to last year, offering buyers more choices.

- Median days on the market dropped 25.7%, showing homes are still selling quickly.

- Months supply of inventory climbed 53.8%, shifting slightly toward balance.

- Sellers are getting 98.9% of their asking price, proving demand remains high.

What’s the takeaway? Wake County is seeing a slight price correction, but with more inventory hitting the market, buyers may have better negotiating power. Sellers should still feel confident—homes are moving fast, and demand is holding strong!