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Revisiting the Results of C-19 on Wake County Real Estate 

Contracts ratified last week: 512 in Wake county. Homes Listed Last Week: 472 a net -40 new homes on the market.  30 existing and new construction sales over $750,000.00 last week.  

Current contracts scheduled to close by year end and intense showing velocity indicate that 2020 will stellar year in residential real estate. Wake county is only 530 closings (including scheduled to close) behind 2019. New construction will be up over 350 units based on what is scheduled to close by year end.

Showing velocity last week: 3284 including 159 over $1m, 2019: 2921 including 81 over $1m.

Best time of year to sell your home? Now. In the past local agent would tell you spring based on tradition and incoming relocation buyers. Corporate relocations are unlikely to pick up until 2022. No signs of a rush from city to suburbs in Wake County. Raleigh data shows prices are continue to rise due to demand and limited inventory.

A continued demand for “staycation” type homes across the county, pools, golf course lots are moving quickly and at a premium. Seasonally sales are up, pent up demand and lifestyle changes due to current health concerns are drivers. We are seeing a demand for larger homes as WFH and online school become reality.

Control your sale, our sellers are enjoying a clean, safe, certain and stress free experience. Interested in very creative listing strategies? We have them.  #RaleighHomesforsale #raleighrealestate #wakecountyhomebuilders#CaryRealEstate

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