If you’re thinking about selling your house in Raleigh but feel stuck, you’re not alone. Many homeowners hesitate because they’re unsure about what’s really happening in the housing market. But often, these concerns are based on misconceptions rather than facts.
Here’s the good news—you don’t have to figure it out on your own. Let’s break down three common questions homeowners ask and look at what the data says.
1. Is It Even a Good Idea To Move Right Now?
If you already own a home in the Triangle Area, you might be holding off because you’re concerned about taking on a higher mortgage rate with your next house in Raleigh. That’s understandable—but it might not be as big of a hurdle as you think.
Thanks to recent home price appreciation, your current Raleigh home has likely gained a lot of value. Have any of your neighbors sold recently? You might be surprised by the price they got. According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR): the typical homeowner has gained $147,000 in housing wealth in the last five years alone.
That’s a significant amount of equity that could help fund your next move, even with today’s mortgage rates.
2. Will I Be Able To Find a Home I Like?
You might still remember the frustration of the tight inventory over the past few years. But now, the situation has improved.
Realtor.com reports that inventory is up nearly 25% compared to this time last year (see graph below):
While it’s still below pre-pandemic levels, inventory has been steadily increasing. Experts even predict another 10 to 15% boost this year. That means you’ll have more choices—and a better shot at finding a home in the Triangle Area that fits your needs.
3. Are Buyers Still Buying?
You might wonder if anyone is even buying homes right now. The answer? Absolutely.
According to NAR, approximately 4.24 million homes were sold last year (not including new builds). That may be fewer than in a normal year, but it still means a lot of homes are changing hands:
- 4.24 million homes ÷ 365 days in a year = 11,616 homes sell each day
- 11,616 homes ÷ 24 hours in a day = 484 homes sell per hour
- 484 homes ÷ 60 minutes = 8 homes sell every minute
So, in the time it’s taken to read this paragraph, eight homes have sold. That’s proof the market is active—and buyers are still out there, looking for homes like yours.
Bottom Line
If uncertainty is keeping you from selling your house in Raleigh, now’s the time to get the facts and real answers. Linda Craft Team Realtors is here to help you understand the market and decide what’s right for your goals.
So, what’s holding you back from making your move to the Triangle Area? Contact Linda Craft Team Realtors to talk about it.
