2021 YEAR-END MARKET UPDATE
Thursday, January 20, 2022
Happy New Year! Looks like our local real estate market will continue to be a buzz topic in 2022. The Wake county Register of Deeds office just reported December 2021’s Median Sales Price for Wake County Real Estate was $411,000, the highest of all-time, wow! Most of our numbers trended slightly lower however with a 10-30% increase over last year’s SALES PRICES!
We took an in-depth look at our 2021 housing market, in particular compared to our 2020 numbers. See our report Here.
Just like last year, we have a high number of new construction homes that had not closed yet so I took those numbers into account again as well. It looks like some of our new homes are starting to catch up a bit with supply so that is helping improve our inventory. This improvement is mainly being seen in the outer areas of our market; Harnett County home sales prices have increased by as much as 30% over 2020 pricing whereas Wake County was more in the 20% range.
Front Porch Realty has some exciting news; we now have a satellite office in downtown Clayton! This office location helps us round out our service to the entire west, south and east of the Triangle. Be sure and think of us if you have friends, family, or business partners Clayton way.
If you would rather receive this report by email, please let me know. In addition, if we can be of any assistance to you or your clients, rest assured they will be extremely satisfied with our level of professionalism and expertise. Please stay safe and we hope to see you real soon!