Market Updates

Median Price Change & Competing Offers Median Price Year over year median price changes are listed by town in the graph below. The big story with prices is that they haven't come down in the way people continue to hope for. Economists are saying interest rates will likely remain high and … [Read more...] about Raleigh Housing Market Update: Second Quarter 2024

Median Price Change & Competing Offers Median Price It's always great to keep in mind that median prices change a lot, especially when looking at small sample sizes. For example, only 14 homes sold in Morrisville this March. The smaller the town, the less significant the information is. … [Read more...] about Raleigh Housing Market Update: March 2024

Median Price Change & Competing Offers Median Price Keep in mind that median prices have limitations when looking at the market, especially when we're looking at shorter periods of time, like a month. They don't give an apples to apples comparison. Just because the median price is $450,000 … [Read more...] about Raleigh Housing Market Update: February 2024

Median Price Change & Competing Offers Median Price Median prices aren't a great way to understand how the market is changing. They don't give an apples to apples comparison. Just because the median price is $450,000 right now (this is an example, not a real number) doesn't mean that it is … [Read more...] about Raleigh Housing Market Update: January 2024

What can we expect from Raleigh's housing market in 2024? Most are predicting a return to some kind of normalcy with lower mortgage rates on the horizon. But to understand what might come next, we need to understand why 2023 was such an odd year for real estate. Historic Changes in … [Read more...] about Raleigh’s 2024 Housing Market: Boom or Bust?

2023 was a crazy year for the real estate market. We had the fewest number of listings sold since 2015. And Raleigh has grown by almost half a million people since 2015. People were definitely sitting on the sidelines in 2023, waiting out high interest rates. Here were our 2023 Market … [Read more...] about Raleigh Housing Market Update: 2023 Year in Review

Here were our 2023 Market Predictions. Our final market update for the year shows the most important thing to remember about monthly market updates. Most reports will track median prices as their primary metric of market health. While they are a good way to keep an eye on trends...they don't … [Read more...] about Raleigh Housing Market Update: December 2023