Housing Reports
Triangle NC Real Estate Market Report
Updated on 7/14/2026
Raleigh NC Housing Data From June 2026
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What's Hotter? Temps or the Market?
It's the dog days of summer in Raleigh NC, and the market is hot! At Five County Specialists🔑, we believe that accurate data is the key to making confident moves. Let's look at the numbers that shaped our market last month and what they mean for your next move.
Quick Market Update Video
The Big Picture: June vs. May
In June the Median Sales Price rose 2.1% month-over-month in the Triangle. We saw -5.7% fewer homes hit the market and 6.3% more buyers sign on the dotted line. This could be a recipe for another inventory squeeze. However, sometimes there's a summer lull in the Raleigh real estate market as people go on vacation. Stay tuned for the August report to see if Triangle inventory levels continue to shrink.Â
Key Triangle Stats Comparing June 2026 to May 2026:
- The Median Sales Price reached $424,900, which is up 2.1% from May.
- Median Sold Price per SqFt held steady at $210.
- Closed Sales hit 3,990. That's 6.3% more than in May.
- New Listings came in at 4,891. That's -5.7% fewer than May.
- Active Inventory grew to 11,784, a 1.5% increase in total choices for buyers.
- Median Days on Market (DOM) ticked up to 23 days, up 4.5% from last month.
- Home Affordability fell to 84, a -2.3% decrease.
- List Price Received dropped a tick to 98.8%.
- Months of Inventory (MOI) is down to 3, a -4.5% decrease, keeping us in a Seller's Market.
Today's Triangle Real Estate Data
Below find automatically updated real estate data from DMLS based on today's market.Â
| SF Detached Homes | Condos/Townhomes | Land | |
| New Listings Count (2wks) | |||
| Active Listings Count | |||
| Under Contract/Pending Listings Count | |||
| Recently Sold* Listings Count | |||
| Average For Sale Price (New Listings) | |||
| Average For Sale Price (Active) | |||
| Average Price (Under Contract/Pending) | |||
| Average Recently Sold* Price | |||
| Avg Price Per Square Foot: Active | N/A | ||
| Avg Price Per Square Foot: Pending/Under Contract | N/A | ||
| Average Price Per Square Foot: Recently Sold* Listings | N/A | ||
*Recently Sold Data reflects listings sold within the last 3 months. Contact us a 919-887-5114 for a free custom sold report.
Comparing the Housing Market to Last Year
When we look at where we were exactly one year ago, the shift toward a normalizing market is even clearer. Active inventory has grown by 7.1% compared to June 2025, and homes are waiting for buyers 4.5% longer than they were a year ago. Despite those changes, the median sales price has remained remarkably steady. It is unchanged year over year.
Our Triangle Real Estate Outlook
Seasonally, the Raleigh area usually sees a bit of a lull in July that sometimes stretches into August while people travel. We often see market activity pick up again late August into September as people try to move and get settled before the Holiday season. Rates are a bit of a wild card at the moment, but many expect them to stay where they are or rise.
What The Latest Triangle Real Estate Data Means For You
For Buyers: The Seller-Tilted Balance
With only 3 months of supply currently on the market, the Raleigh area is solidly in a Seller's Market. However, it is more stable and balanced than prior years, giving buyers more time to consider homes. The really good news for buyers is that Home Affordability in the Triangle sits at 84, a nearly 4% improvement compared to June 2025.
Pro Tip: Consider Stale Gems: These are overlooked homes that have been sitting for 60 days or more. Likely, they were initially overpriced. Some of these sellers have already started reducing prices. As they get tired of the grind of having their home on the market, they become more motivated to sell. This is where you may be able to negotiate deals, including rate buy-downs or significant closing cost credits to help offset today's interest rates.
This is especially true as we move into Autumn. Fall and Winter are historically the best times to buy a home if you're looking for a deal. Specifically, October and February have been the best months to close, that means those buyers were house hunting in the month or two prior. So, if you're thinking about buying soon, start getting your ducks in a row now.
The Triangle East Advantage For Buyers
On the eastern side of the Triangle, we continue to see incredible value. While the Triangle-wide recent Average Sold Price* sits at , East Wake communities often offer more house and land for the money. We are seeing buyers looking here for space without the Western Wake price tag. Zebulon, for instance, scores 100.5 on Home Affordability, and the recent Average Sold Price* sits at . While Cary's recent Average Sold Price* is , and Apex sits at .
Go a little further East of Raleigh, and the recent Average Sold Price comes down even more. Rocky Mount's comes in at . Louisburg is . If you're considering a move to Triangle East, reach out to us for guidance.
For Sellers: Precision Pricing at Listing is Paramount
Though it is a Seller's Market, homeowners are currently receiving about 98.8% of their list price on average. We can also compare today's average for sale price () to the average sold price over the last 3 months () to see if there is a disconnect between what sellers are asking and what they're actually getting on average.
With rates currently back in the mid to high 6s, buyers are more sensitive to value. To stand out, your home needs to be priced accurately from day one. Resist the urge to overprice your home. History and Pricing Psychology tells us that the winning pricing strategy is to price at or just below market value attracting buyers and momentum right away. Pricing too high will cause your home to get passed over and become stale. Stale listings attract low-ball offers, and can cost you much more in the long run.Â
Properly priced and marketed homes are selling within days after being listed for sale. If you want to sell fast for more, it's imperative to use the right home-selling strategy at listing.
- Do: Price strategically and properly prepare your home to be as move-in ready as possible.
- Don't: Price your home high to "leave room to negotiate" or ignore minor maintenance or updates. Buyers typically over-estimate how much even something as minor as painting a room can cost. Don't lose thousands over a few hundred.
What Could Your Home Sell For Today?
Whether you're thinking about selling (or you're just curious) you can keep track of the value for free. Simply tell us about your home, and we'll send you a free report.
Town By Town: See Today's Market Data By City (More Coming Soon)
Why Choose The Five County Specialists Team?
In a shifting market, experience matters. There are many names out there, but there is only one true Five County Specialists team. We live, work, and serve right here in our local communities. We eat, sleep, and breath Triangle East real estate. We've been in the business a long time, and we have extensive experience in a myriad of real estate transactions, from buying land and building your dream home to buying investment properties and everything in between, we've done it, and we would be honored to help you achieve your real estate goals.Â
FAQs: Frequently Asked Triangle Housing Market Questions
- Is it a Buyers or Sellers market right now?
As of our July 2026 report, the market is in a Seller's Market. Though Active Inventory rose slightly, New Listings fell again and closed sales rose almost 13%. June data showed that buyers entered the market, possibly to lock in lower rates. Pair that with fewer sellers listing their homes, and we have a recipe for the Seller's Market to continue. Sometimes, we see a late-summer lull in July when people go on vacation, so next month's report may be more balanced. We usually see a late summer/early fall pickup before the holiday season, though.Â
- Are home prices in Wake County finally falling?
Broadly, no. In fact, we are seeing prices rise, though at a manageable pace. While June's median sales price in Wake County moved up slightly to $490,400, some sub-markets saw slight dips last month, while others saw continued appreciation. The theme of 2026 is a normalizing Wake County housing market.
- Should I wait for mortgage rates to drop before buying in the Triangle?
Waiting for the "perfect" rate can be a risky strategy in the Raleigh area. Data from February 2026 suggests that as soon as rates dipped into the high 5% range, buyer demand surged immediately, often leading to multiple-offer situations that drove prices up. Additionally, rates are not expected to drop this year. In fact, some are betting that rates will rise. It's best to buy when you're ready. If rates do go down, you can refinance. If they go up, you will have a good rate and equity.
- Where can I find the best real estate value near Raleigh right now?
The "East Wake" and "Triangle East" corridor is a strong value play in 2026. While core Raleigh and Cary prices hover between $440k and $630k, the latest data shows that communities like Zebulon, Wendell, and Knightdale offer median prices in the high $300s. These areas often provide more square footage and larger lots without the high Western Wake price tag.
- What is a "Stale Gem" and how can it help me as a buyer?
A "Stale Gem" is a home that has been active for 60 days or more. These sellers are often much more motivated to offer concessions, such as paying for your closing costs, compared to a home that just hit the market this week.