What’s Happening in the Wake County Real Estate Market Right Now?

By Cynthia Quarantello

Cynthia Quarantello is an award-winning Real Estate Agent specializing in buying and selling homes throughout the Triangle area. She holds advanced degrees in advertising, marketing, and business, which enable her to provide exceptional service to her clients.

Wondering where the Wake County housing market stands right now? Over the past six months, homes in Wake County have been selling in an average of 53 days. That’s not racing to the finish line, but it’s far from slow. We’re in a middle-ground market, where buyers are taking their time, and sellers still have some leverage, but they need to stay realistic.

Whether you’re thinking about buying, selling, or just staying informed, I’ll explain the numbers and why they matter.

1. Days on market. On average, it’s taking about 53 days for a home to go under contract once it’s listed. This tells us homes aren’t flying off the shelves like they were a year or two ago—but they’re not sitting around forever either. It’s a sign that buyers are being more thoughtful and selective.

2. Average sale price. Homes sold in Wake County have sold for an average of $568,000 over the past six months, which shows that home values are holding strong. If you’re a seller, this is a good reminder that the market is still willing to meet solid pricing if you list it right.

3. Sale-to-List price. Most sellers are getting just under their full asking price, about 98.4%. Lowball offers won’t get you far. This stat shows buyers don’t have full control of the table, and sellers still have leverage, just not as much as before.

“Well-priced homes are still in demand, even in a slower market.”

4. Months of inventory. We currently have 3.7 months’ worth of homes in our market. This is how long it would take to sell all current listings if no new ones came on the market. A balanced market usually takes four to six months. So we’re close, meaning it’s not a buyer’s or seller’s market. It’s what I like to call a negotiation dance. Each deal comes down to who’s better prepared and more realistic.

5. Number of homes sold. In the last six months, more than 72 homes have sold in Wake County. This means people are still buying and selling. Our market is not frozen; it’s just moving at a slower pace.

Across the country, the housing market is slowing down. Homes are taking longer to sell, and prices are making minor adjustments. Buyers are becoming more cautious, especially as mortgage rates fluctuate, rising and falling unpredictably.

That said, homes in good shape and priced fairly are still selling well, especially in Wake County and around the Triangle Area. Buyers are being more picky, but if a home looks good and is priced right, it still gets attention.

I’d love to hear your plans, whether you’re considering buying, selling, or just curious about your next steps. Feel free to contact me at (919) 830-9051 or cynthia@cqrealtygroup.com. Let’s sit down together, review the numbers, and create a strategy that fits your needs in this market.