It’s no wonder our sales prices are soaring, at this time there are only 124 homes active on the market in Fuquay-Varina and Holly Springs. This includes our Coming Soon status! Wake county Register of Deeds just reported our median sales price jumped a whopping 25% in September to $390,000. In our SW Wake market; median days on market is 4, and median sales price to list price is $110%. There are currently no new construction single family homes under $400,000 being built in our area of the county, all are attached townhomes or condos and are being sold as they barely break ground.
Front Porch Realty just finished the numbers for our Q3 Market Update and we had to check all them twice. We are at SUCH a low inventory it is getting scary, no pun intended I promise! I am sure you have a heard a little buzz of our housing market beginning to “catch up” a little, well not here locally in Fuquay-Varina and Holly Springs.
View our Q3 MARKET UPDATE HERE.
How long is this going to last, and can our re-sale homes get any higher priced?
Good question! I do think our prices will continue their swift upward trend, however I do believe they will slow somewhat. Did we ever think our homes would be selling $10,000-$100,000 over list price regardless of appraised value?
FRONT PORCH REALTY offers the residents of Fuquay-Varina and Holly Springs a LOCAL professional real estate firm to handle their real estate transactions. We love moving our residents into, and across town, and showing off all these towns have to offer.
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