https://www.cbs17.com/news/local-news/wake-county-news/wake-county-real-estate-market-remains-steady-some-zip-codes-see-flood-of-inventory/
RALEIGH, N.C. (WNCN) – Housing inventory is surging as new listings flood the real estate market in several Wake County zip codes, according to data from the first quarter of 2025.
“Real estate is very local,” said Re/Max United Broker John Wood. “And keep in mind, some of it is individual neighborhoods (that) are really, really hot and others are not.”
Garner, zip code 27529, and Morrisville zip code 27560, share the top spot with a 72 percent increase in new listings.
Raleigh, 27605, with 66 percent; Raleigh, 27612, with 55 percent; and Apex, zip code 27502, saw 54 percent more homes listed than the year before.
Also, Raleigh’s zip code 27608 ranks high in the hottest housing markets, with average home prices increasing 126 percent since the fourth quarter of 2019.
Experts said one key thing is currently driving the central North Carolina housing market.
“Jobs. Jobs is always what drives the real estate market,” Wood said. "And we are so blessed in the Triangle and to have continued, you know, job announcements coming. "
Overall, last month, the Wake County real estate market saw an 8.2 percent increase in homes for sale compared to the previous month, with a total of 6,656 listings, according to Rocket Homes.
Meanwhile, the median home price saw a 2 percent decrease, reaching $499,900, according to the business journals.
Woods says despite the increased inventory, Wake County remains a seller’s market, with more buyers than available homes.
“The difference is for the seller, who’s taking great care of their home and has got it in excellent market condition. They’re able to get a strong price and they’re able to work through any negotiations or repairs for the person that has not taken great care of their home,” Wood said. “You just need to do your research and get a Realtor to help you with that research.”
The Raleigh housing market also saw a 2.5 percent increase in home prices compared to the previous year, reaching a median of $436,000.
However, the number of home sales in Raleigh decreased slightly in April, with 476 homes sold compared to 499 the previous year, according to Redfin.
“I think if we can see a little settling down of the interest rate, it’s been floating between six and a half or 7 percent for a 30-year fixed. If we can start to see that inch downward a little bit, there’s a tipping point and a lot of buyers, I think, are going to come out of the woodwork at that point.”
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