Homebuyer interest in million-dollar-plus homes reached a record high in Wake County in January

Dated: February 21 2021

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According to Redfin, nationwide, 10.8% of saved searches on Redfin.com filtered exclusively for homes priced over $1 million in January. That is up from 8.5% a year earlier and the highest share since Redfin started tracking this data in the beginning of 2017.

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Meanwhile the trend here in Raleigh-Cary-Wake-County seems doubly so. Luxury homes, those prices above one million dollars in Wake County have seen a surge ins sales year over year. For example, in January 2021 there were 31 homes sold in Wake county greater than 1MM for an average of 1.5MM. Compared to 16 homes for the same period in 2020. A 100% increased demand than at the same period last year.

Yet, this trend does not appear to be isolated to 2021. Since 2017 reporting for the same January stats show exponential growth each year in Wake County!

What’s more, at the time of this writing, in Wake county there are only 15 homes for sale less than $200,000 while there’s a whopping 134 homes for sale greater than 1MM. That is nearly 13% of the available pool of homes for sale in the county of 1.1MM persons!

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If you’re wondering what 1MM+ buys in Wake county, click here to learn more. Alternatively, if you’re in the market for a luxury property outside of Wake County, give us a call and we’ll connect you with one of our luxury home experts.

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Ricardo Cobos

With a background in real estate since 1996 Ricardo earned his broker’s license in 2015 and quickly became both a top producer and a leader in his market center by working exclusively with investors....

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