SW WAKE COUNTY MARKET UPDATE | Q1 2020
In this un-precedented, sad, and anxious time we wanted to continue our "normal" quarterly look at real estate statistics for OUR TOWNS
. The first quarter of 2020 began with a bang as expected and was essentially un-touched by the Coronovirus pandemic. Sales were up from Q1 2019 across the board, Days on Market were down, sales prices showed an average of 6% increase. We are still experiencing a shortage of homes to sell in our area even with the many new home neighborhoods that are popping up all over.
With real estate deemed as an "essential business" our Front Porch Realty agents have continued listing and selling real estate, using all precautions of course. There are still many buyers needing a place to live and we have even seen some sellers take advantage of the awesome low interest rates and "move up" to now more affordable larger homes. We will continue our quarterly Market Update throughout the year, only time will tell how Southern Wake county will be able to recover from this devastating pandemic on our local business' and community.
See the 1st Q 2020 market snapshot of the local housing inventory HERE
. If you were thinking of selling your home this year but wanted to wait until the immediate threats of Coronavirus are over, the new COMING SOON status would be a perfect fit for you. Read more HERE
to find out how COMING SOON can get your home "on the market" safely.
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