Prices are finally dropping for many homes in the Raleigh area but Raleigh buyers are backing out of deals.
On Monday, June 6, 2022, Meta, Facebook’s parent company, announced that they were opening an office in Durham. While it is very exciting that another huge tech company is headed our way, the Triangle’s real estate market could get even more expensive.
The Triangle real estate market is hotter than ever. If you’re on the hunt to buy or rent a home in the area, now’s the time to do it!
The median sales price of Wake County real estate hit another new all-time high of $405,000 in November 2021—a $6,500 increase from October 2021’s price of $398,500.
Triangle MLS has just released last month’s market update. Watch the video below to see more trends in the local real estate market for the Greater Triangle Region during the month of July 2020.
Earlier this month, the Wake County Register of Deeds released data from their office indicating a continued rise in real estate values through the second quarter of 2018.