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BUYER BRIEFING Raleigh, NC
Raleigh, NC Market Analysis

Why now is a smart time to buy in Raleigh, NC.

Raleigh sits in a mild seller's market, but prices have pulled back 6.1% from their peak and days on market are falling fast — buyers who move now lock in before momentum flips.

Median Price

Midpoint listing price across the market. The single most important benchmark for understanding overall market value and tracking price trends over time.
Market Data
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Data supplied by Altos
Median List Price
$600K
Days on Market
49 days
Price Cuts
41% of Listings
Market Action Index
36.28

Top Signals

Four Data Points
Median List Price
$600K
Prices peaked at $639K in Jul 2025 and sit at $600K today — down 6.1% from peak. Up +$50K vs. Jan 2026 low, signaling a floor. Waiting risks riding the recovery curve higher as spring demand absorbs inventory.
Days on Market
49 days
Median DOM has dropped from 84 days in Jan–Mar 2026 to just 49 days in Jun 2026 — a 41.7% fall in 3 months. Homes are moving faster every week; today's negotiating window is wider than it will be by fall.
Price Cuts
41% of Listings
41% of single-family listings took a price cut in Jun 2026, up from 37% in Apr but down from a peak of 49% in Dec 2025. Over 4-in-10 sellers are negotiable right now — a rare window to buy below original ask.
Market Action Index
36.28
The Market Action Index sits at 36.28 in Jun 2026, down from 37.94 in Apr — still a seller's market above 30, but softening. It was as low as 34.8 last Jul, showing the market cycles. Act while sellers still negotiate.
What This Means

The Window Is Open — But Closing

Prices are 6% off peak, 4-in-10 sellers are cutting, and homes are sitting longer than last year. That combination won't last. Buy now to negotiate from strength before tightening DOM and rising absorption close the gap.

Honest Caveats

Inventory has risen from ~842 homes in Mar 2026 to ~1,040 in Jun 2026 — up 23.5% in 3 months — giving buyers more options but also signaling supply is rebuilding. If inventory keeps climbing, prices could soften further.

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Jim and Lori Hill
328898/327431
JimandLori@HillnHills.com (919) 906-1636
Source: July 2025 - July 2026 Market Data
Updated July 8, 2026