Episode Details

Raleighs housing market cools down as sellers cut prices, with a downtown condo dropping $25K to $490K and a home with an extra unit falling $12.3K to $835K. Median sale price hits $395K, down 1.2% from last year, and sales plummet 15.3%. Mortgage rates ease, incomes rise, and new builds surge, nudging the market towards balance. Spring buying remains sluggish due to late January ice storms and builder incentives like 4.99% rates and up to $100K off upgrades. Resale sellers respond with competitive pricing and offers. Inventory increases, and days on market lengthen, with central Raleigh and downtown seeing steeper declines, while North Hills bucks the trend. Million-dollar properties still ignite bidding wars when in demand.

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