Cary Home Report: October

High-level Cary snapshot:

Takeaway: Prices have cooled from last year’s levels and homes are taking longer to sell, but closed sales are higher than a year ago, suggesting more buyers are re-engaging as rates eased off summer peaks.

By zipcode:

What that means: West-side new-build areas (27519) are normalizing after big run-ups, while established central neighborhoods (27511/27513) are holding or rising modestly.

Supply & speed

Cary homes sold at 98.3% of list price in August (down 1.3 pts YoY), and new listings were roughly flat year over year. More contracts are getting signed than last year, but buyers have a bit more time and leverage than in 2024.

Taxes & assessments

Wake County shortened its revaluation cadence: next full reval is 2027, then the county moves to a two-year cycle starting in 2029.

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