Inventory in Northeast Raleigh has expanded on a rolling three-month basis, with active listings up strongly from a year ago and sitting at 710. New listings have also risen year over year, while months of supply has climbed to 3.4, signaling more options than in recent summers. Even with that added supply, contract activity is steady, with 319 homes sold and 311 pending over the period.
Prices are adjusting to this shift in balance. The typical home value is now lower than a year ago, while the median list price is slightly higher than last year, showing that sellers are still reaching but buyers have more room to negotiate.
Homes are taking longer to sell than they did last summer, with median days on market at 32 compared with much faster turn times a year earlier, and the share of properties closing above list price has dropped from over one-quarter in mid-2024 to about one in six today. Despite that cooling, Northeast Raleigh still leans toward sellers a bit more than the broader Raleigh area, with a similar months-of-supply level but lower prices than the citywide median. About one-third of listings are still going under contract within two weeks, and the average sale-to-list ratio remains close to 99 percent, indicating realistic pricing rather than bidding frenzies. In this nuanced environment, both buyers and sellers can benefit from Agent Pronto’s help connecting with an experienced local agent who understands these shifting dynamics.
