Lower-priced home sales increase in Wake County but sell quickly

More lower-priced homes sold in Wake County from August to September, but they left the market quickly — less than a week on average, according to a pair of new reports.

Homes priced under $300,000 accounted for 42% of all sales in the county in September, increasing from 38% in August, according to a recent report from Wake County Register of Deeds Charles Gilliam. The monthly median sale price decreased from $341,000 to $329,500, the report said.

In June, 43% of home sales were below $300,000. That number was 42% in July, according to Gilliam’s reports earlier this year.

These numbers lag behind figures from the first quarter of this year, when the market share of homes sold at less $300,000 was 47% and the median home sale was $310,000.

Montie Smith, a real estate agent in the Triangle, said the increased prices are due to high demand for affordable

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