Median home values in Wake County $100,000 higher than median sale price in South
COMMUNITIES WILL BE STUDIED
OVER THE NEXT 3 YEARS. IT'S
UNCLEAR WHICH COMMUNITIES IN
OUR AREA. LET'S TALK ABOUT HOME
PRICES THAT THE HOUSING MARKET
IN GENERAL AS BEGIN TO COOL A
BIT NATIONWIDE. BUT
>> DATA SHOWS HOMES IN OUR AREA
ARE STILL SITTING ABOVE.
WHAT IS THE AVERAGE RATE THAN
THE GOING RATE FOR MOST OTHER
REGIONS? WRAL'S ALI INGERSOLL
TAKES A CLOSER LOOK AT THE
NUMBERS
>> ELLEN FREEMAN HAS SEVERAL
TITLES WHEN IT COMES TO THIS
TOPIC.
>> I'M A HOME BUYER AND HOME
SELLER AND HOMEOWNER, ALL THOSE
THINGS. SO IT'S SAFE TO SAY
HE HAS EXPERIENCE WITH REAL
ESTATE. RECENTLY. HE MOVED INTO
THIS MORNING. HE AREA HOUSE
AFTER NEARLY A YEAR OF
SEARCHING. WE REALLY ONLY
LOOKED AT.
>> HOUSES THAT WOULD BE
WALKABLE AND BIKEABLE. IT WAS
CHALLENGING IS LITTLE WE PUT
THIS ON TO OTHER HOUSES.
PART OF THIS.
>> WELL, THE MARKET HAS COOLED
OFF A BIT. PRICES ARE STILL UP
MORE THAN 3% COMPARED TO LAST
YEAR. ACCORDING TO THE WAKE
COUNTY REGISTER OF DEEDS, THE
MEDIAN HOME VALUE IN THE COUNTY
IS ABOUT $475,000. ALMOST
100,000, MORE THAN 100 AND THE
CENTER SHOW IS THE MEDIAN SALE
PRICE FOR A HOUSE IN THE SOUTH.
SO WHAT CAN YOU GET IF YOU
WANTED SOMETHING AROUND THE
REGIONS? PRICE POINT, A QUICK
DEAL. SEARCH AROUND WAKE COUNTY
SHOWS ABOUT 500 OPTIONS.
WHEN WE LOOK AT THE MEDIAN
PRICE OF A HOME IN THE
SOUTHEASTERN U.S..
>> BUT 400 MORE HOMES ARE
AVAILABLE. WHEN WE GO UP TO
THE COUNTY'S PRICE POINT.
>> AS FOR FREEMAN HAS 3 BED,
2 BATH HOUSE COST ABOVE THE
MEDIA. YOU EVER THINK YOU'D BE
PAYING HALF-A-MILLION DOLLARS
FOR
NOW, BUT, YOU KNOW, I MEAN, 10
YEARS AGO, I DIDN'T. BUT NOW
THAT YOU LOOK AT WHAT HOME
PRICES ARE, IT'S LIKE, WELL,
I'M NOT LOOKING AT THE
MAGNITUDE OF LOOKING AT LIKE,
OKAY, THIS IS WHAT IT TAKES
TO OWN A HOME. AND THAT'S WHAT
I WAS INTERESTED IN A HOME IN A
LOCATION HE WANTED IN A CITY.
HE LOVES