Welcome to the Raleigh-Durham-Chapel Hill 2022 Mid-Year Report.
The end of June marks halftime for the calendar year, but in the real estate market, it also typically represents the seasonal tapering off of the Spring market frenzy. With half of the year in the rearview mirror, it makes sense to pore through data, map trends, calculate predictions, and update our clients on what has happened.
In 2022, we have seen a continuation of trends from 2021, with prices continuing their dramatic upward run! Interest rates have risen sharply of late but have stabilized. Even with rates increasing, supply (or rather, lack thereof) and demand for homes remain the driver of the trends we observe for our local market here in Raleigh-Durham-Chapel Hill. Strategies to make your offer stand out or maximize the sale price of your property remain essential in this environment, and our Nest agents continually work to stay on the cutting edge to best serve you. Whether you are a first-time buyer, upsizing, downsizing, renting, or renovating, we are here to walk beside you every step of the way and celebrate your success.
Please find the downloadable PDF version of our full Raleigh-Durham-Chapel Hill area Mid-Year Report here: RDCH_MidYearReport_2022