July 2008 saw a decrease in the number of listings available in Wake Forest from June 2008 to July 2008 however Year to Year saw an overall 14% increase.

Wake Forest has also held steady with their absorption rate at 9 for two consecutive months.  We are still trending lower that the rest of the country.

And, finally, Wake County maintains healthy sales in all areas and continues to out-perform other parts of the country.  Wake Forest holds a very respectful 13% of total sales in Wake County.

As is the trend in most of the country our Active Listings in Wake Forest are up.  As indicated by the chart below listings are up 25% for Wake Forest.

The next chart will help you to visualize the month to month trend from January 2008 through June 2008 of active listings in Wake Forest.  While the trend overall for the year may be up there does not to appear to be any wild fluctuations from month to month.

While the overall aborption rate for the country is reported at 11 it would appear that Wake Forest is bucking the trend.  We have had a steady decline in our absorption rate since January 2008 and are currently at 9. 

Lastly, Wake Forest maintains a healthy portion of sales in Wake County overall.  Wake County had aproximately 6991 sales with Wake Forest capturing 12%.

If you have any questions about the charts above, what they mean or how they may pertain to you whether buying or selling a home, please feel free to call me or email me - I would be delighted to help!