Triangle Real Estate in Focus

I hope you enjoyed your holiday break and had the opportunity to share good times with friends and family.

It’s that time when we can take a look at a full year’s worth of home sales* in our market and see how we’re trending compared to the full year of 2024. In 2025, The Triangle returned to its pre-pandemic performance levels with sales volume across the markets finally outpacing the prior year. Volume increases ranged from just a smidge in Raleigh to 9.4% in Chapel Hill/Carrboro.

2025 sales volume vs 2024:

CARY: 1758 sold – 4.6% increase

DURHAM: 3743 sold – 1.7% increase

RALEIGH: 6508 sold, – 0.2% increase

CHAPEL HILL/CARRBORO: 767 sold – 9.4% increase

Prices in most of our markets were relatively flat which is to be expected given the exceptional increases we experienced during the pandemic — which many of you saw reflected in your new property tax assessments.

2025 average prices vs 2024:

CARY: $693K flat to 2024

DURHAM: $479K up 2.6%

RALEIGH: $553K up 1.2%

CHAPEL HILL/CARRBORO: $655K down 5.6% (continuing a year-long trend)

There is downward pressure on mortgage rates but for now, we begin the year where we left off in November at 6.38% for a 30 year loan and 6.0% for a 15 year loan.

In 2026, there are plenty of new developments on the books as our area continues to grow and attract new residents. None larger than the “mini-city” of Veridea on 1100 acres two miles south of downtown Apex.  Site work began in the Fall and when completed, Veridea will include 8000 residential units, 3.5 million sq. feet of retail, 12 million sq. feet of commercial space, and a new public elementary school. Nearby will be a new campus of Wake Tech and a large North Carolina Children’s Hospital. 

Enjoy January and its crazy up and down weather, the return of college basketball and the NFL playoffs ! 

Sources: 

Triangle MLS  1/10/26

bankrate.com 1/10/26

News & Observer 1/5/26

* For perspective on the broader vs luxury market, property data includes sales of $2 million or less*