Live Triangle

🍂🍁It’s time for a fall real estate market forecast...

Here’s what the data suggests here in Wake County:

🏡Home Prices–
Expect home prices to continue their upward trend but moving more modestly than pandemic-times, increasing around 2% to 4.8%, depending on your zip code. Despite potential softening in demand, the lag in inventory keeps prices high.

💰The Median sale price in Wake County: $486,000

📐Average $ per square foot: $229

⬆️Difference year-over-year: Up 1.5%

💸Mortgage Rates–
Good news seems to be on the horizon with a slight drop in mortgage rates in August.

The average 30-year fixed mortgage rate \*might\* fall in the ballpark of 6.5% offering buyers some relief. 

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Note: Data included refers to August 2024. reported numbers lag behind Current market

Source: [Housing Market Predictions 2024: What Homebuyers Should Know](https://www.businessinsider.com/personal-finance/housing-market-predictions-2024)
[Housing Market Predictions For 2024: When Will Home Prices Be Affordable Again? – Forbes Advisor](https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/)

Congratulations to my amazing first-time buyers on closing their brand new home in the beautiful Enclave at Leesville! 🏡🎉 It’s been such a pleasure helping you find your perfect match, and I’m thrilled to see you start this exciting new chapter. Built by the fantastic team at HHHunt Homes, your dream home is now a reality!

Congratulations to these first-time homebuyers for going under contract on their dream home in Middlesex, NC! 🏡
It’s a fantastic time to buy with rates dropping—if you’re thinking about making a move, let’s connect! 📞✨

Just Listed in Clayton!

📏 1,195 sq. ft.
🛏 3 Bedrooms
🛁 2 Bathrooms
🏊‍♂️ Saltwater Pool
🌳 0.69 acre
🔨 Detached Storage Shed
🌿 No HOA

🏡 3424 Deer Trace Lane, Clayton, NC
💵 Offered at $320,000

📲 (919)632-1229
📧[email protected]
💻 www.livetriangle.com