And that can be summed up in two pictures:
Less than six months and it's a seller's market. Some submarkets are even tighter than this. If you're looking for starter homes in 27511 then you're looking at 0.2 months of inventory. That's not even a week of available homes.
How does that compare to last August?
If you're a homes owner (or know anyone who might be thinking about it) then now is a really good time to start the conversation with a Realtor (hopefully one who know's a bunch of stats and is handy making his own graphics on his blog...just saying) about putting your home on the market and getting top dollar.
The smartest way to take advantage of the Wake County market imbalance is to sell there and move to an area with less competition - like Orange or Chatham Counties. You can control the sell of your own home while having leverage in the purchase of your next. It's like having your cake and eating it too!