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After two-plus years of lagging inventory and sky-high home prices across the Triangle, first-time buyers are facing more obstacles than ever to gain a foothold on the property ladder.
While experts say prices are beginning to stabilize, the region’s median sale price was still $395,000 in December — up 6.7% from a year ago, according to the latest data.
That’s why we’re launching our new email newsletter, On the Market, to give residents — the families, young professionals, tech workers and retirees flocking here — a weekly glance at the most up-to-date real estate and property news to better navigate the market.
Led by real estate reporter Chantal Allam, you’ll get a roundup of the week’s top stories, development updates and market trends across the greater Triangle.
Are you in? Click here to sign up or visit newsobserver.com/newsletters. You can also tell us what you hope to see in the weekly report by emailing callam@newsobserver.com.
This story was originally published January 20, 2023 at 8:00 AM.
