The Raleigh real estate market continues to show strong demand, with low inventory keeping conditions competitive for buyers and sellers alike. Understanding the latest trends can help you make informed decisions if you’re considering entering the market. From median home prices to inventory levels and sales trends, here’s an in-depth look at what’s happening in the SW Raleigh real estate market.
Months of Supply
One key indicator of market conditions is the months of supply, which measures how long it would take for all available homes to sell at the current pace. A lower supply means a stronger seller’s market, while a higher supply favors buyers.
As of February 2025, inventory remains tight in SW Raleigh:
Morrisville – 2 months (down from last month)
Cary – 1.9 months (slightly up)
Apex – 1.7 months (down)
Holly Springs – 1.3 months (down)
Fuquay Varina – 2.7 months (down)
With low inventory levels, sellers have the upper hand, and buyers should be prepared for strong competition in most areas.
List to Sales Price Ratio
The list-to-sales price ratio helps determine how close homes sell to their original asking price. A higher percentage means buyers pay closer to (or above) the list price, indicating a strong market.
In February, the list-to-sales price ratio in SW Raleigh showed:
Morrisville, Cary, and Apex: 99%
Holly Springs: 97%
Fuquay Varina: 96%
Additionally, fewer price reductions are happening, suggesting the market is heating up. The percentage of price reductions in each area has dropped:
Morrisville – 19%
Cary – 23%
Apex – 24%
Holly Springs – 28%
Fuquay Varina – 35%
This trend signals increasing demand as more buyers compete for available properties, leading to fewer price drops.
Median Days on Market
Homes in SW Raleigh are selling quickly, with median days on the market continuing to decline across most areas:
Morrisville – 15 days (down)
Cary – 8 days (down)
Apex – 13 days (down)
Holly Springs – 18 days (down)
Fuquay Varina – 23 days (down)
This means buyers must act fast when they find a home they like, as properties are moving off the market quickly.
Market Insights
Understanding the current market conditions is essential when making real estate decisions. Knowing trends like inventory levels, pricing, and demand can help shape your strategy, whether you’re buying or selling.
For sellers, pricing your home correctly and preparing it for a competitive market is key. For buyers, being ready to act quickly and having a robust offer strategy can make all the difference in securing a home.
Staying informed about the Raleigh housing market will help you navigate the process with confidence and take advantage of current opportunities.