Raleigh real estate updates: See state of the housing market in these 10 charts
A recent report from Rocket Homes shows Raleigh and Durham are still “seller’s markets.” However, the market is slowly shifting, experts say.
Properties are staying listed longer, and inventory is creeping up.
“Even though new listings are down, there’s a ton of inventory,” said Colleen Blondell, owner of Cary-based Blondell Properties. “Inventory has continued to increase since May of last year.”
Ultimately, a buyer’s success comes down to two things: budget and submarket.
“It depends where people are looking,” Blondell said.
The News & Observer recently published an interactive dashboard with 11 charts showing the state of the housing market in Durham. Now, we’re looking at the market in Raleigh.
Whether you’re looking to buy a house or you’re just curious about the state of the market, the 11 charts, graphs and maps below provide visual insight into real estate trends within the City of Oaks and Wake County.
The charts, powered by data from national real estate firms Zillow, Redfin, and RentHub, update monthly as data becomes available. Bookmark this page and refer to it periodically to see how the market is changing.
Number of Raleigh home sales by ZIP code over time
Change in home sale prices over time
Change in NC Metro area home sale prices
Median changes in Raleigh rent prices by ZIP code
Total home sales in Raleigh over time
Number of new home listings in Raleigh over time
Median home sale price by metro over time
Median home sale price in Wake County by city over time
Map of percent difference in sale to listing price by ZIP code
Number of active listings in Raleigh
This story was originally published March 23, 2023 at 8:00 AM.
