Triangle Residential Real Estate Outlook in 2025

Real Estate: Residential 

Susan Sanford

Director of Relocation & Business Development, BHHS Carolinas  

The diversity of our economy continues to attract companies and employees to the area. As interest rates decline incrementally, we will see the pent-up demand of the last two years become active, and with slowly increasing inventory, we should see sales return to historic norms.  

In nine of the last 11 election cycles, we have experienced a strong real estate market in the year following the presidential election. Additionally, interest rates are predicted to end 2024 at 6.5% and reduce in 2025 to an average of 5.9%. This rate stabilization should push buyers toward purchasing homes. Home sales over the last eight years show that the last two years were the lowest in terms of total sales since 2009-2011, despite a growing population and healthy economy, resulting in pent-up demand for housing.  

While rates have a significant impact on the decision to move, 80% of homeowners with a mortgage currently have a rate that is at least 1-2% lower than current rates, and that will still be a driving factor in why many homeowners choose not to move. Nonetheless, we expect our population to grow in the Triangle, which will not only improve our economy but continue to keep us in a healthy and appreciating real estate market.  

We saw uptick in showings in November 2024, and fully expect that increase to resume as we begin the new year. It is still a seller’s market in the Triangle, with two months of inventory overall, and our average days on market has continued to drop in 2024 to where we are now at 19 days on market for sales in 2024. Appreciation has increased by almost 3%, and overall sales by 1.5%, while listings have increased by 16.6% demonstrating that even with more housing available, our market continues to be healthy and in high demand. 

“All indications point to 2025 being a strong residential real estate market in the Triangle. Employment continues to grow around our state capital and universities, and more people are choosing the Triangle to move to from around the country every day.”  -Susan Sanford, BHHS Carolinas 

This content first appeared in Economy & Business 2025. Click here to view the entire publication.