The Raleigh real estate market continues to show signs of shifting, with recent trends indicating a more balance between buyers and sellers. This SW Raleigh real estate market update for August 2025 highlights key metrics across Morrisville, Cary, Apex, Holly Springs, and Fuquay Varina. Understanding these numbers can help buyers and sellers set realistic expectations and make informed decisions in today’s changing market.
Median Prices
Home prices in SW Raleigh vary depending on proximity to the city. As of August 2025, the median single-family resale prices were $659,000 in Morrisville, $690,000 in Cary, $650,000 in Apex, $553,000 in Holly Springs, and $492,500 in Fuquay-Varina. The data shows that homes closer to Raleigh tend to sell at higher prices, while values decrease slightly in areas farther out.
Months of Supply
Supply remains low, keeping conditions tilted in favor of sellers, although the pace has slowed. Morrisville reported 2.7 months of supply, Cary 2.5, Apex 2.3, Holly Springs 2.3, and Fuquay Varina 3 months. A balanced market is typically characterized by around six months of supply; therefore, these figures suggest that sellers still hold the advantage.
Price Reductions
More listings are adjusting their asking prices before selling. In Morrisville, 63% of homes experienced reductions, followed by Cary at 45%, Apex at 39%, Holly Springs at 44%, and Fuquay-Varina at 51%. This trend underscores the importance of effective pricing strategies as buyers become increasingly selective.
List to Sales Price Ratio
Negotiation has become more common across SW Raleigh. Morrisville homes sold at an average of 95.3% of the list price, Cary at 96.2%, Apex at 97%, Holly Springs at 96.5%, and Fuquay-Varina at 94.7%. In most towns, the majority of homes sold below asking price, signaling buyers now have room to negotiate more than in previous months.
Average Days on Market
Homes are taking longer to sell, further reflecting the market shift. The average days on market reached 52 in Morrisville, 23 in Cary, 17 in Apex, 21 in Holly Springs, and 26 in Fuquay-Varina. Sellers should prepare for longer timelines and focus on presentation and realistic pricing.
Conclusion
This Raleigh market update indicates a cooling trend, although sellers remain in a generally favorable position overall. Buyers have more opportunities to negotiate, and sellers must adjust expectations around pricing and timing. Staying informed is key to navigating the evolving SW Raleigh real estate market effectively.
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