Status of the Raleigh, Triangle NC Real Estate Market

The Real Estate market today in the Triangle of North Carolina is very competitive. By the time the listing shows in MLS it is already sold. In other cases, the listing agents are putting homes in the MLS but not allowing showings for several days. When the day arrives, buyers are lined up down the street to get into the property. This, of course, is good for the sellers because it is creating a bidding war driving prices up higher than the list price. It is one of the most competitive markets FOR HomeBUYERS has ever experienced making it very difficult for our home buyers.

Inventory is very tight. New construction is priced over $400K almost exclusively. Lower priced resale homes are just not going on the market as fast as in the past, possibly because the move up price range is out of reach.

It is a Seller’s world in the Raleigh real estate market and throughout the Triangle of North Carolina.

For more information or assistance with purchasing a home text or call Allen Shaver at 919-219-9878.