Quick Launch

Wake County News > Posts > Third Quarter FY 2018 Continues To See Wake County Real Estate Values On The Rise
April 18
Third Quarter FY 2018 Continues To See Wake County Real Estate Values On The Rise

rod_icon.png

 

Wednesday, April 18, 2018
For Immediate Release

Contact: Luther Snyder, Deputy Director
O. 919-856-5462 M. 919-369-7045
luther.snyder@wakegov.com

THIRD QUARTER FY 2018 CONTINUES TO SEE WAKE COUNTY REAL ESTATE VALUES ON THE RISE

Raleigh, NC – During the third quarter (Q3) of Wake County’s Fiscal Year 2018 (January 2018 – March 2018), we are continuing to see an upward trend in the real estate market.

The January – March three-month average Deed Volume (property sales) was slightly down 4% compared to the same time in 2017, but the excise tax on the real estate sold was up an average of 18%. This shows the price tag was higher on the properties sold in Q3 of 2018, hence these properties carried a higher value than the properties sold in Q3 2017.

Deeds of Trust, or mortgages on real estate, saw an average volume decrease of 10% compared to Fiscal Q3 of 2017. As we continue to see, interest rates have been held low for a long period of time, in turn, this has kept the real estate refinance market flat or slightly down.

Deed Volume Q3 FY 2018.PNG

Excise Tax Q3 FY 2018.PNG
Deeds of Trust FY Q3 2018.PNG



Facebook-3.pngTwitter-2.pngInstagram-2.pngYoutube-2.png

     
 
     
 
 
 
         Wake County Departments & Agencies:

                         Department-list-1.png