Top Mega Teams in Raleigh, North Carolina – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1The Jim Allen GroupColdwell Banker Howard Perry and WalstonRaleigh, NC$765,024,937View Profile
    2A Cole RealtyLPT RealtyRaleigh, NC$167,469,523View Profile
    5The Rachel Kendall TeamThe Rachel Kendall TeamRaleigh, NC$118,544,329View Profile
    6Triangle Experts TeameXp RealtyRaleigh, NC$110,129,498View Profile
    7Marti Hampton Real EstateeXp RealtyRaleigh, NC$95,503,186View Profile
    8The 220 AgentsKeller WilliamsRaleigh, NC$73,365,353View Profile

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    2023 Raleigh, North Carolina Housing Market Summary

    Raleigh, North Carolina started 2023 with a total of 687 single-family homes on the market, with a median home price of $479,040 and an average price per square foot of $269. By the end of the year, inventory had decreased to 640 homes on the market (-6%), with a median home price of $589,049 (+22%) and an average price per square foot of $319 (+18%).

    At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 63 days.

    Raleigh started the year with 48% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 38% of Raleigh homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Raleigh started 2023 as a seller’s market, with an MAI score of 35; by the end of the year, the MAI had dropped to 32 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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