Is it still a buyer’s market today in Raleigh? As virtual real estate innovators transforming the Raleigh off-market experience, we at Phoenix Horizon Homes hear this question frequently.
The reality requires more nuance than a simple yes or no – especially when viewing the market through our lens of Resilience, Integrity, Service, and Excellence.
The State of the Market for Buyers in Raleigh NC
First, it significantly depends on property type and location.
Well-priced single-family homes in desirable locations are moving quickly. Demand varies dramatically across Raleigh-Durham—some neighborhoods experience intense competition while others remain hidden opportunities waiting to be discovered.
Buyers consistently prioritize key features – vibrant communities, convenient transportation, nearby shopping, quality schools, and reasonable commutes. Properties offering this complete package generate premium interest. Sellers with these highly desirable properties maintain significant market advantage.
The condo and townhouse market tells a different story – especially for units in less central locations or with unconventional features. Prices dipped in certain Raleigh areas but are showing resilience as rental demand increases.
Investment properties remain highly sought-after. Substantial foreign investment flowing into US real estate has created unique dynamics in the Raleigh market.
Cash buyers have a distinct advantage and continue securing the most favorable deals available – which is where our lean, efficient virtual model delivers exceptional value.
Many sellers test ambitious pricing strategies hoping for premium offers, but purpose-driven investors typically walk away from deals that don’t offer clear value for all parties involved.
Financing remains a significant hurdle for buyers. Lenders maintain strict requirements, demanding substantial down payments and sometimes altering terms unexpectedly. While improving, approved buyers still occasionally see financing withdrawn just before closing.
The market shows pronounced polarization – significant activity at both the luxury and entry-level segments, with mid-market properties facing the greatest challenges.
Feeling overwhelmed? Phoenix Horizon Homes is here to help with clarity and purpose.
The economic landscape continues shifting rapidly, creating market movement in multiple directions simultaneously – requiring the resilience and adaptability that define our approach.
We’re investing in Raleigh because we believe in its potential and the resilience of its people—aligning perfectly with our core RISE values of Resilience, Integrity, Service, and Excellence.
If you need to sell a property near Raleigh, our fully virtual solutions approach delivers speed, empathy, and excellence—no office, no friction, just results.
We transform off-market properties into opportunities—treating every lead like a life, not a line item—for homeowners seeking efficient, frictionless transactions powered by our high-performing remote team.