Market Trends: Wake County

Wake County has 3.28 months of inventory. Supply fell 5% over the past month but remains 30% higher than last year.

Homes are selling at 98% of asking price with a median 29 days on market. The month-over-month increase of 31.82% shows that homes are sitting a bit longer than they were one month earlier. Sellers who price strategically continue to attract serious buyers, while buyers should be ready to act when the right home becomes available.

This balance creates steady movement without extreme pressure on either side. Overall, conditions remain strong for sellers and competitive for buyers.

Interest Rates

Mortgage rates fell, with 30-year fixed-rate loans averaging 6.38%. That is near their lowest point since early October 2024.

The move came amid optimism that the Federal Reserve would cut its benchmark interest rate the following week. Economic indicators had been mixed. A weak jobs report appeared to set the stage for a cut, but the main driver of mortgage rates is not the central bank - it is the 10-year Treasury yield, which had flirted with 4.5% earlier in 2025 but was below 4.1% that week.

Featured Listing: 4901 Blue Rock Court, Raleigh

This beautifully maintained Fieldstone Crossing home has been lovingly cared for by its original owner and features abundant natural light and thoughtful upgrades throughout. The open-concept living space combines the kitchen, dining area, and living room - perfect for entertaining or family gatherings. Downstairs features pristine engineered hardwood flooring and a beautifully updated bathroom.

Upstairs, the spacious primary suite offers an upgraded bathroom, while the additional bedrooms provide versatile space for a home office, guest room, or hobby area.

Situated on a quiet cul-de-sac, the backyard opens to a generous courtyard that is ideal for pick-up games, outdoor entertaining, or relaxing summer evenings. Residents also enjoy access to the community pool during warmer months. Move-in ready and full of classic charm, this home combines comfort, functionality, and a prime location.