Wake County’s real estate market experienced notable activity in May 2025. The median sales price of real estate in the area increased by $3,000 from April, reaching $473,000. This change is attributed mainly to activity in the core market segment, where property values are at or below $1 million.
In terms of transactions, the county recorded a total of 3,223 sales across all segments, marking an increase from April’s total of 2,506. The high-value segment, with transactions ranging from $1 million to $30 million, reported 210 transactions amounting to $484.6 million—an increase of $84.6 million compared to the previous month. However, there were no transactions recorded in the very high-value segment (transactions worth over $30 million) for May.
Real estate lending activities showed a slight decline from April but rose by 5% compared to May 2024. In May 2025, there were 3,291 deed of trust transactions recorded—a decrease from April’s figure of 3,404.
It is important to note that some discrepancies may exist in last month’s figures due to a transition to a new software system mid-month. Efforts are underway to streamline and ensure accuracy moving forward.
The data presented is derived from instruments recorded at the Wake County Register of Deeds office. The report highlights that excise taxes are calculated as $1 for every five hundred dollars of consideration in real estate transactions.
For further details on Wake County’s real estate activities and related information such as rezoning applications and new building permits, additional resources can be accessed through the Register of Deeds’ website.
Tammy Brunner serves as the contact person for more information regarding this report and can be reached via email at tammy.brunner@wake.gov or by phone at 919-856-5460.
