Raleigh Housing Market

Raleigh’s housing market is taking over news headlines and is still a hot topic of conversation...let’s look at the stats! 

RalToday’s newsletter shared some stats about the market that are hard to ignore. Zillow ranked Raleigh No. 2 in the country for homes with the fewest days officially listed on the market.

Redfin reports Raleigh home prices as having risen 27.3% from this time just last year, with the median price at $382,000 — which is also above the US median price of $377,222. 

In WalletHub’s list of 2021’s Best & Worst Cities for First-Time Home Buyers, Raleigh ranked on the “best” side as No. 16 overall + No. 3 in the large city category. According to WalletHub, 40% of all single-family home purchases in 2020 were made by first-time buyers — which is in part due to interest rates dropping during the pandemic. In the same WalletHub study, Cary also ranked No. 3 overall for lowest property-crime rate. 

Let's not forget that Bankrate ranked Raleigh, NC as #1 best places to live for 2021!  This ranking is based on affordability, education, the job market, safety and wellness.

Although the housing market has become scary and intimating for buyers-it’s not impossible with your Navigate agent to map out the journey for you, let’s talk!