Don't let the cold weather fool you, Raleigh and the greater Research Triangle area are hot and getting hotter. We're talking about our local real estate markets, of course.
National real estate website Zillow just ranked the City of Oaks as the second hottest housing market in the nation. With routine reports of high demand and low inventory, a tremendous number of job opportunities, excellent quality of life, and increasing home values across the numerous counties that make up the prospering area, the top 10 designation shouldn't come as a surprise.
Raleigh quickly rose to the top of Zillow's 50-metro research list thanks to its strong population growth and a healthy 9 percent increase in average household income over the previous year. The City's close proximity to the fast-growing Research Triangle Park tech hub was another important factor thanks to the giant corporations and well-known businesses anchored there. According to one of Zillow's research analysts:
"This list shows that just because a market is smaller or more affordable doesn't mean it isn't dynamic," said Zillow senior economist Aaron Terrazas. "Growing cities in the Sun Belt, places like Raleigh, Charlotte and Nashville, offer plenty of opportunities healthcare and finance, while providing a less-expensive, but still-convenient, alternative to the larger and pricier markets in the Northeast."
Think that living in or around Raleigh may be for you? We can help you find out.
Start by taking a tour of the area on our real estate website. Read about the different parts of Raleigh, Durham, Chapel Hill and all of the lauded towns in between and just beyond. Learn about area events, restaurants, and cultural offerings. Take a look at the homes available in zip codes near and far.
Would you like to know what your home is worth before you consider selling it? A home value estimate is only a few clicks away at HPW.com.
Not only can we give you an idea of what your home may be worth, but we are also able to provide details about recent area home sales, local market home values and more.
Our local Coldwell Banker Howard Perry and Walston Realtors are ready and willing to support you throughout your real estate journey.
No matter where you want to buy in the Triangle region, you can trust an HPW real estate expert to work hard on your behalf from "for sale" to "sold."
All of our agents are well trained and able to provide superior sales and marketing services, offer advanced knowledge and insight into the local communities and neighborhoods that interest you, and navigate a successful real estate experience.