Market Updates

Market Commentary

Wake Forest has inventory, and it's building. 467 active listings, 262 under contract, and resale homes averaging 55 days on market before moving. The median sold price in March was $520,000, basically flat from a year ago. Price per square foot closed at $202. Sellers are getting about 97 cents on the original list price dollar, and 26% of active listings in the 27587 zip have already taken a price cut averaging 5%. New construction is driving most of that pressure. Builders are cutting more often and deeper than resale sellers. Stonegate is a tighter story. 11 active listings split between resale and new construction. Resale homes here have a median around $467K and are averaging 28 days on market. New construction in the neighborhood is priced higher, closer to $665K, reflecting the larger floor plans coming out of the newer phases. The broader market data is clear that neighborhoods with less new construction competition hold their value better for resale sellers and Stonegate fits that profile. The bottom line: Stonegate isn't immune to market dynamics, but it's holding its own. Inventory is low, demand is steady, and homes that are priced right are not sitting. If you've been thinking about making a move, in or out of the neighborhood, right now is a smart time to have that conversation.

Market Analytics