"Active listings in Raleigh hit 1,423 in February, up 17.9% from a year ago, more than double the national growth rate of 7.9%. Buyers have more homes to tour and fewer people rushing to grab them."
"Raleigh's median list price fell to $450,000 in February, a 5.3% drop from a year ago, more than double the national decline of 2.1%. Sellers must price homes carefully, as getting the opening number right is crucial."
"The typical Raleigh home spent 57 days on the market in February, up 17.5% from a year ago. Buyers today are taking their time, and well-priced, well-presented homes are the ones still standing out."
Raleigh's housing market is experiencing a shift towards buyers, with active listings increasing by nearly 18% year-over-year. The median list price has dropped over 5%, now at $450,000. Homes are sitting on the market for an average of 57 days, allowing buyers more time to make decisions. Although fewer new listings entered the market, the existing inventory is stacking up. Sellers must price homes carefully, as about 15% of listings have seen price cuts, indicating a more cautious approach to pricing.
Read at SFGATE
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