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Real Estate Trends: November Monthly Dollar Value of Real Estate Highest So Far In 2020

December 17, 2020 By Annie Meadows

According to WAKEGov, in November 2020, over $1.8 billion in real estate transacted in Wake County, making November the highest month of value this year. This beats the $1.62 billion high already set back in September.

What Drove the Increase?

Wake County Aggregate Value of Real Estate Transferred 2020 Monthly November

November saw this rise in number due to an increase in the very high-value transaction segment over October. This segment is defined as transactions worth $30 million and up. In November, five transactions totaling $543 million were made. In October 2020 there was only $248 million worth of very high-value transactions.

The largest transaction was for a whopping $208 million on November 25, 2020.

Core Market Transactions in November

During November 2020, core market transactions were $936 million, down $121 million from October’s core market transactions of $1.05 billion, but up $148 million from November 2019 which was at $788 million. The core market is defined as property valued at $1 million or less and it comprised about 97% of November’s transactions.

What Houses Sold for in November

Median sales prices In November 2020

In November 2020, the median sales price of a parcel of Wake County real estate was $320,000, down $9,000 from October 2020.

Learn more at WakeGov.com.

Source: WakeGov.com

What Does This Mean for You?

Now is a great time to sell your house! People are looking to buy and properties are selling quickly. Looking for more information about any of these topics? I would love to talk to you. Contact me today at 919-961-3277 or email me at Annie@HudsonResidential.com.

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Filed Under: For Buyers, For Sellers, Home Trends Tagged With: Market Trends, Real Estate, real estate transaction, real estate trends, Wake County, Wake County Real Estate

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4441 Six Forks Road
Suite 106-285
Raleigh, NC 27609

Phone: 919-961-3277
Email: Annie@HudsonResidential.com
Email: Rick@HudsonResidential.com

Annie and Rick Meadows
Real Estate Brokers
Hudson Residential

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