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You are here: Home / Uncategorized / March 31 2026, Raleigh Market Update

March 31 2026, Raleigh Market Update

by Ellen Pitts

Triangle Area · March 2026

Jump to: Market Update ·  Local Happenings  ·  Day Trips

A conversation I haven’t been able to stop thinking about

A colleague told me her buyer offered $200,000 over list price on a property just over $1 million Inside the Beltline — and brought $100,000 in due diligence money to the table — and still lost.

Let that sit for a moment.

That’s not a bidding war anecdote. That’s a signal about what’s happening in the most desirable pockets of this market right now. The spring heat isn’t coming — it’s already here, and it’s concentrated in the locations people most want to be.


March 31, 2026

Market Update


What the overall data can’t show you is how different the experience is depending on where you are and what you’re buying. I pulled the most recent weekly numbers for Cary, Apex, Holly Springs, and Fuquay-Varina specifically — and the activity level is striking. New listings are getting swallowed almost as fast as they appear.

We do have more inventory than last year, and that’s genuinely good news. But “more inventory” is doing a lot of heavy lifting as a reassurance if you’re shopping in those towns.


FOR BUYERS

The most important number to internalize right now: 49% of homes currently under contract went under contract in 10 days or less — regardless of what national news says, these are the real numbers in Western Wake County.

The well-priced, well-presented homes are still flying off the shelf. The median days on market is 10 days overall, but that number is being pulled up by homes that are sitting and stalling. The good ones are gone before most buyers even schedule a showing.

What that means practically:

  • Be pre-approved before you start looking
  • Know your priorities before you walk through a front door
  • Be mentally prepared to move quickly when the right home appears

The spring market is not a browsing market — it’s a decision market. More inventory this year gives you slightly more options than last spring, but don’t mistake “more listings” for “more time.” The homes worth buying are not waiting for you to think it over.


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FOR SELLERS

The year-over-year numbers tell a story of real momentum:

  • New listings: 116 → 128
  • New pendings: 96 → 112 (+17% in buyer activity)
  • Closed sales: 49 → 74 (+51%)

If you’ve been waiting for the right moment to list, the spring window is open right now and buyers are walking through it.

Here’s the honest part of the conversation, though: expired listings climbed from 8 to 18 — a 125% increase. That tells you exactly what happens when a home is overpriced, underprepared, or both.

This is a two-speed market. Correctly priced, well-presented homes are generating multiple offers and moving in days. Poorly positioned homes are quietly expiring and draining sellers of time and momentum.

Preparation and pricing aren’t suggestions. They’re the entire strategy.


FOR INVESTORS

That expired listings number deserves your full attention.

Eighteen homes failed to sell this period versus eight this time last year. That’s not a fluke — it’s a pattern, and it represents motivated sellers who have already sat through a listing period without results. Those homeowners are often far more negotiable on the second conversation than they were on the first.

A few other numbers worth sitting with:

  • Pending-to-listing ratio: 87.5% — 112 homes went under contract against 128 new listings. Tight absorption, but roughly 12–13% of new inventory isn’t getting immediately claimed.
  • Median days on market: 10 — reflecting the drag from stale inventory, which is exactly where your negotiating room lives.

Add the expireds to the homes quietly accumulating days on market, and you have a pool of opportunity that doesn’t make headlines. Investors who can close cleanly and move quickly have real leverage with the right sellers — especially as the gap between the best homes and the rest continues to widen.

Local Happenings

Saturday, April 11: Holly Springs

SpringsFest

Y’all, over 15,000 people showed up to this thing LAST year — and it’s FREE, so there’s literally no excuse not to go. Holly Springs is rolling out the welcome mat for spring with local businesses, artists, and all the good community vibes you can handle. Grab the family, slap on some sunscreen, and go soak it up.


Saturday, April 11: Holly Springs

Chalk of the Town

Okay so Holly Springs is just OUT HERE overachieving on April 11th, and honestly? I respect it. Chalk of the Town is basically an outdoor art gallery where everyone from the toddlers to the talented gets to shine — plus there’s an art market, live music, AND snacks, which is basically my personal trifecta. Come for the creativity, stay because you accidentally bought three paintings and a handmade ceramic mug.


Saturday, April 11: Fuquay-Varina

Downtown After Dark

Listen, Fuquay-Varina said “we’re glowing UP” and I am here for every single second of it. What used to be a sit-down dinner is now a full-on sophisticated soirée with artisanal cocktails, gourmet charcuterie, live music, dancing, AND a live auction featuring gorgeous En Plein Air artwork — basically your chance to feel like you’re in a Nancy Meyers movie for one glorious evening. Put on something fabulous and go remind yourself that small towns know how to throw a party.


Friday, April 10 & Saturday, April 11: Apex

Peak City Pig Fest

Honey, it’s BBQ season and Apex is READY — free admission, food trucks, live music, a beer garden, vendors, AND a Police vs. Fire rib-eating contest that I guarantee is the most entertaining thing you’ll see all weekend. This is the kind of event that makes you want to loosen your belt and just commit to the afternoon with zero regrets. Friday kicks off at 5pm, Saturday runs 11am–9pm, so really there’s no reason you can’t do both.

Day Trips

DATE: Ongoing: Star, NC

STARworks

If you’ve never made the drive out to Star, NC, you are genuinely missing one of the coolest hidden gems in this state — STARworks is a nonprofit arts center where you can watch glassblowing, throw pottery with native NC wild clays, catch a live art demo, and then sit down at the café and taproom like the cultured human being you are. It’s part art school, part community gathering spot, part “wait, HOW did I not know about this place?” — and well-behaved leashed dogs are welcome, which means it automatically gets five stars from me. Make a day of it, take a class, buy something beautiful, and feel genuinely good about supporting working artists.


DATE: April 3–19, 2026: Charlotte

Charlotte SHOUT!

Charlotte is basically throwing a two-and-a-half-week party and inviting the whole world — Charlotte SHOUT! fills Uptown with internationally acclaimed musicians, artists, chefs, performers, and big thinkers, and honestly it sounds like someone just described my perfect day trip. It’s free, it’s festive, and it runs through April 19th, so you’ve got plenty of weekends to make it happen — pick a day, point the car toward Charlotte, and let the city just do its thing to you. This is the kind of event you tell people about at work on Monday with a little too much enthusiasm.

Filed Under: Uncategorized

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ellen@harmonyrealtytriangle.com

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