Real Estate

Explore the nuanced issue of affordable housing in Cary.

Median home prices are 11.5% higher than last year, days on the market are staying around 33 days, and over half of home sales are selling above the listing price.

The Cary Home Report is a new weekly column where we briefly glance at Cary’s real estate market, look at the latest data from Redfin, and peak at some recent Cary home sales.

Median home prices are still increasing in Cary, but homes in Cary are spending an average of 15 days more on the market, a 46.9% decrease in homes sold above the listing price, and homes in Cary experienced a nearly 20% increase in price drops.

As interest rates rise, home prices and rent are beginning to flatten and even fall in some spaces.

The $4,995 rental unit is quite more than the average cost of rent in Cary.

Across the country, we are seeing unprecedented demand for housing – and an unprecedented cost.