From Seller’s Market to Smarter Moves: What's Changing in the Triangle

by Jessica J Baldovinos

From Seller’s Market to Smarter Moves: What's Changing in the Triangle:

Introduction

The Triangle—Raleigh, Durham, Chapel Hill—is seeing a subtle shift in its housing dynamics. Buyer demand remains strong, but growing inventory and pricing adjustments are giving room for more thoughtful decisions.

Inventory on the Rise

Inventory across Wake, Durham, Orange, Johnston, and Chatham counties is up nearly 30% year-over-year—a welcome relief for buyers navigating high interest rates and market uncertainty. The median price in February sat around $431,000. Axios

Buyers Feel Both Hope and Challenge

Zillow's senior economist revealed that, despite rising inventory, the Raleigh market remains intensely competitive. Homes are still being priced—and sold—above asking, leaving buyers without the guarantees of bargaining power seen nationally. Business Insider

Development Projects Facing Delays

Major Triangle-area development plans are hitting roadblocks. Projects like Kane Realty’s Downtown South, Apple’s Triangle campus, Epic Games HQ, and expansions at American Tobacco Campus are all delayed, affecting broader growth expectations. Axios

Bottom Line

The Triangle continues to evolve. Buyers are starting to catch their breath, but the market pace still favors sellers in many neighborhoods. Meanwhile, delays in new development are likely to keep supply in check—making timing and strategy more critical than ever.