Midyear Market Update 2018 - Harmony Realty Triangle
Harmony Realty Triangle
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raraleigh housing market 2018

You'll notice in the data below that Cary, Apex and Wake Forest are not experiencing the same price increases as other towns in the Triangle. Remember that this data is based on the median price, so for example, homes in Cary in the $200's may still be seeing larger price increases, but that median price point of $373,000 does not appear to be continuing the increase as quickly as it has in the past. 

If you are in Cary or Apex and in the $300k price point or above, and have been considering selling, now might be a good time to pull the trigger. 

2018

Triangle Midyear

Market Update

January 2018 - June 2018


Wake County

Median Price

2017 .............. 283,000

2018 .............. 301,900

 6.2%

Days on Market

2017 .............. 9

2018 .............. 4

 55%

Expired Listings

2017 .............. 681

2018 .............. 582

 14.5%

RALEIGH


Median Price

2017 .............. 250,000

2018 .............. 275,000

 10 %

Days on Market

2017 .............. 7

2018 .............. 4

 43%

Expired Listings

2017 .............. 291

2018 .............. 278

13 %

Cary

Median Price

2017 .............. 368,900

2018 .............. 373,000

 1.1%

Days on Market

2017 .............. 6

2018 .............. 4

 33%

Expired Listings

2017 .............. 89

2018 .............. 70

Morrisville

Median Price

2017 .............. 291000

2018 .............. 305,000

 4.8%

Days on Market

2017 .............. 5

2018 .............. 4

 20%

Expired Listings

2017 .............. 14

2018 .............. 20

 43%

Apex

Median Price

2017 .............. 350,700

2018 .............. 359,900

 2.6 %

Days on Market

2017 .............. 6

2018 .............. 2

 66%

Expired Listings

2017 .............. 27

2018 .............. 39

 44%

Holly Springs

Median Price

2017 .............. 342,000

2018 .............. 359,800

 5.2 %

Days on Market

2017 .............. 7

2018 .............. 3

 57%

Expired Listings

2017 .............. 34

2016 .............. 26

Fuquay

Median Price

2017 .............. 262,900

2018 .............. 280,000

 6.5%

Days on Market

2017 .............. 13

2018 .............. 3

 75%

Expired Listings

2017 .............. 40

2018 .............. 20

 50%

Wake Forest

Median Price

2017 .............. 330,000

2018 .............. 331,000

 .3 %

Days on Market

2017 .............. 25

2018 .............. 3

 88%

Expired Listings

2017 .............. 132

2018 .............. 85

 36%

KNightdale

Median Price

2017 .............. 240,000

2018 .............. 256,000

 6.6 %

Days on Market

2017 .............. 10

2018 .............. 2

 80%

Expired Listings

2017 .............. 30

2018 .............. 15

 50%

Garner

Median Price

2017 .............. 228,900

2018 .............. 245,000

 7 %

Days on Market

2017 .............. 15

2018 .............. 1

 93 %

Expired Listings

2017 .............. 27

2016 .............. 39

 44%

Durham

Median Price

2017 .............. 225,000

2018 .............. 250,000

 11%

Days on Market

2017 .............. 8

2018 .............. 4

 50%

Expired Listings

2017 .............. 115

2018 .............. 132

 14%

Chapel Hill

Median Price

2017 .............. 374,000

2016 .............. 398,500

 6.5%

Days on Market

2017 .............. 13

2018 .............. 5

 61%

Expired Listings

2017 .............. 124

2018  .............. 82

 34%

Pittsboro

Median Price

2017 .............. 353,000

2018 .............. 385,000

 9%

Days on Market

2017 .............. 24

2016 .............. 8

 67%

Expired Listings

2017 .............. 14

2018 .............. 17

 21%

About the Author Ellen Pitts

Ellen is the founder of Harmony Realty, a socially conscious realty company. Ellen believes in empowering her clients through education and open communication. Ellen is a number-cruncher at heart and takes great pleasure in following and analyzing the trends of the housing industry. She loves communicating the big picture to her clients and helping them to understand how the market affects their sale or purchase. Her honest and down-to-earth approach allows her clients to make informed and intelligent decisions to get the most out of their offers and negotiations.

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