Raleigh’s housing market is shifting towards buyers, with active inventory climbing 10.0% year over year. New listings surged 11.9% in April compared to the previous year. This contrasts sharply with national trends.
The active inventory in Raleigh reached 1,687 listings in April. The median list price fell to $465,995, down 3.4% year over year. Additionally, one in five listings—20.2%—saw a price cut.
The typical home in Raleigh sat on the market for 43 days in April. This represents a significant change from previous months when homes sold more quickly. Buyers now enjoy increased options and negotiating power.
Raleigh’s inventory growth rate was more than double the national rate of 4.6%. The national decline in median list price was only 1.4%. These figures highlight a stark contrast between local and national housing markets.
Experts indicate that buyers have real negotiating leverage right now. Sellers need a sharp pricing strategy to stand out in a noticeably more crowded field. If you’re buying right now, this is a window worth using: more options, softer prices, and time to negotiate thoughtfully.
