Triangle NC 2022 Real Estate Market

Quick Links

Finally!! The market is starting to correct- September 2022
New Construction Market
Buying a home from companies that bought homes for cash
Raleigh and Triangle MLS Real Estate Market Graph for 2021
A history of the market for 2018 to 2020 will give you a better idea of how unusual the 2021 real estate market is.
The Raleigh and Triangle Area Real Estate Market 2018 compared to 2019
2019 was a strong real estate market
Marianne’s crystal ball-Triangle Real Estate Predictions
Cary New Construction
Chapel Hill New Construction
Moving to the Raleigh/Cary/Chapel Hill area?

Finally!! The market is starting to correct- September 2022

Prices haven’t come down but I am seeing more homes on the market and some staying on the market longer. My clients are able to make offers and get a house although it is still competitive. In the past year it was very hard for a well qualified buyer to get a house unless they had cash and were will willing to put up huge due diligence funds, often in the amount of the down payment and provide an appraisal addendum that the buyers would and could pay the difference between the appraised value and purchase price.

New Construction Market

New construction neighborhoods are starting to advertise inventory with no bidding. Builders are finishing homes in a more reasonable time frame than the past two years and custom builders are starting to price homes before they are complete because they are feeling more confident of pricing.

Buying a home from companies that bought homes for cash

One thing I have noticed that “buy your home for cash companies” like Open Door and Mark Spain over paid for homes using their logarithm not taking into account the difference in neighborhoods and home quality, so make sure you check neighborhood comps before buying one of those listings. The price reductions may look like a good deal but usually aren’t because the original list price was too high.

A look at 2021 Triangle Area Home Prices

Cary, Apex_Morrisville 2021 prices up 27.7%

Fuquay-Varina_Holly Springs prices up 27.5%.

Raleigh prices up 20% in 2021

Orange County prices down in 2021

Chatham County prices rising 2021

Raleigh and Triangle MLS Real Estate Market Graph for 2021

A history of the market for 2018 to 2020 will give you a better idea of how unusual the 2021 real estate market is.

January 2019 compared to 2020

From the Triangle MLS

Homes for Sale in the Triangle

The Raleigh and Triangle Area Real Estate Market 2018 compared to 2019

In the video from the Triangle MLS real estate appraiser Stacey Anfindsen compared 2018 with 2019.

2019 was a strong real estate market

2019 Was one of my best years ever. One of the reasons is that the area is growing. I represented buyers from 11 different states in 2019. Four families moved from California. Other popular states for relocation were New York, New Jersey, Massachusetts and Florida. Even though inventory is low clients seem happy with the choice of homes, especially if they have time to build a new home.

marianne's crystal ball

Marianne’s crystal ball-Triangle Real Estate Predictions

Crystal Ball is Broken!

Cary New Construction

Chapel Hill New Construction

Moving to the Raleigh/Cary/Chapel Hill area?

If you are moving to the Triangle in Chapel Hill/Carrboro, Cary, Morrisville, Apex or Holly Springs I can help you understand the market and the micro markets and can represent you as your buyers agent. I will be happy to send you videos of the home/neighborhood. This is especially helpful if you are considering new construction because the online info is limited.

Call Me! Marianne Howell Wright 919-274-4365

Marianne Howell Wright, Triangle Area Real Estate 919-274-4365 [email protected]

New Construction Home

Triangle Area Real Estate

5.0

Based on 22 reviews

20:52 02 Feb 20

Marianne was our agent when we purchased our home in Chatham County. She is extremely knowledgeable about the Triangle... area, specific neighborhoods and builders. Marianne was very thorough and did an excellent job representing us during the entire process; from finding a house, negotiating the offer, and handling all the closing details. We highly recommended Marianne.read more

14:51 17 Jan 20

Marianne helped us buy a beautiful home in Chapel Hill while we were living in Pennsylvania. She was a pleasure to work... with and accommodated our schedule perfectly during the few times we were able to be in the area. She patiently drove us around for many hours and several days, helping us rule out every possibility. Our final decision was made without a doubt! We felt very confident in Marianne's guidance throughout the entire home buying process. Her thorough knowledge and experience was very evident. She was there for us every step of the way, especially when we could not be there in person.read more

15:49 24 Mar 19

Marianne and Chip were incredibly helpful throughout the new home building process, especially as we were living in... Austin! They were both super pleasant, knowledgeable and responsive! We couldn't have done it without them.read more

14:59 15 Mar 19

Marianne did a fabulous job as our realtor. It was stressful to be relocating to an unfamiliar, new area from out of... town, and Marianne was extremely helpful. She had so much experience and knowledge of the neighborhoods, schools, and services for our special needs child, and she was able to advise us on the best location for our family. Even in the middle of a winter storm she was out looking at houses for us, taking detailed videos so we could see the homes from out of state. She was very responsive and always available to answer our many questions about the area. She was very knowledgeable about the buying process and did a great job of negotiating on our behalf. When we got to Chapel Hill, Marianne gave us several different tours, and even took the time to show our son playgrounds all over town. We are thrilled with the home we bought and couldn’t have done it without her. I highly recommend her!read more

Yanina Costecalde

16:57 24 Jun 18

Marianne Howell Wright is real Estate Agent; she works with her husband, Chip Wright who was in a construction building... contractor. I have been in the area for year and knew quite well the market, and where I wanted my family to be, which I recommend to any new buyer. I contacted Marianne because I liked her videos and she seemed knowledgeable about the area. They both came straight away, which other agents do not do. In general, Marianne recommends new constructions over old houses because she often goes to new development meetings and is well aware of the new construction materials (lighter, better, and more efficient). However, I chose an old house. Being single, Marianne and Chip made sure that I understood what it meant to choose a house that required a lot of work. Once it became clear that I knew what it would take to fix the house, Chip and the inspector built a terrific file and Marianne negotiate and reduced the price significantly, which is rare for the area. I invested this extra money in the house and hired contractors with Chip helps. The house was ready for my family in a month. I would like to add that Chips was not keen to advice for contractors because some clients might be suspicions of his intentions, but if you ask, he would tell you.A house is everyone own choice. You are the only one who knows what your family likes, can afford, and able or not to handle small/big improvement projects. What chip can do is to give you a far opinion on the house condition. What Marianne can do is to build the best file in order to negotiate the best price for the buyer or the seller. I recommend this team because they are professional, reliable, and efficient.read more

01:16 09 Jun 18

Marianne is awesome! She was available to us during the entire process of building our new home, from selecting the lot... through our final walk-through. Building a new home, especially while living out-of-state, can be nerve-wracking. Having Marianne represent us was such a smart decision. She is so knowledgeable about the new build process and construction, and brought things to our attention that we never would have thought about. She truly looked out for our best interests. She was available to us each and every time we needed her. We now have a brand new home that is well-built and gorgeous! We thank Marianne for the huge role she played in making that dream come true for us!read more

Maureen Pulscher

21:38 04 Jun 18

Marianne helped my husband and I find a new home in the Triangle area while we were still living out of state. We made... a few trips to look at properties and Marianne always made the most of the short amount of time we had and helped us cover a lot of ground. She also spent plenty of time on the phone and over email with us educating us on the area and providing fantastic local insights. She is extremely responsive and will track down information for you. She kept us well informed throughout the buying process and helped us learn what to look for as first-time new construction buyers. She also was tremendously helpful in the new construction walk-throughs, pointing out things and asking questions I did not know to ask. I highly recommend Marianne, especially if you are moving to this area from out of state!read more

Marianne proved an invaluable resource in our house hunting endeavors. Her knowledge of the market and the neighborhoods proved to be incredibly helpful, as well, navigating the purchasing process.... read more

emesmer
March 11, 2020
My Wife and I were looking to move to North Carolina from New York. We had no idea who to contact, so we searched the internet, and came across Marianne's... read more

mikejsav100
February 18, 2020
We “found” Marianne Howell Wright online. Her articles and YouTube videos were well done and demonstrated her many years of experience and expertise of the Triangle area. Although... read more

Debbie Bush
January 21, 2020
When we decided to move back to the Triangle, we knew we'd be calling Marianne. We've done three total transactions with her over the past 3 years. Her deep knowledge... read more

Britta Alexander
January 10, 2020
Marianne did a fabulous job as our realtor. It was stressful to be relocating to an unfamiliar, new area from out of town, and Marianne was extremely helpful. She had... read more

jvomsaal
March 15, 2019
Marianne was fantastic, we found her online as she seemed to pop up for every search imaginable for someone looking to relocate to Chapel Hill which spoke to her depth... read more

user6526633
October 22, 2018
Marianne found properties for me to consider that were exactly what I was looking for and provided excellent support throughout the purchasing process. She asked specific questions about the... read more

johnstonc7
August 12, 2018
My husband and I enjoyed watching Marianne’s YouTube videos and wanted to work with her on what we figured would be a simple in-town move. Well, the process turned out... read more

spark007
June 4, 2018
My husband and I had an excellent experience buying our home with Marianne as our Real Estate Agent. She is extremely knowledgeable about real estate in the Triangle Area. She... read more

fanryanyang
April 1, 2018
Marianne and Chip were amazing. We were coming from out of state and met or spoke with various realtors to decide who was best to represent us by truly... read more

tseant77
October 17, 2016

If you’ve bought and sold homes before, you may already understand how buyer’s agents get paid. However, I thought it would be helpful to provide a clear explanation for those who might be uncertain.

Seller-Paid Fee

The seller covers my fee as a buyer’s agent. Here’s how it works:

The seller has a listing contract with a real estate brokerage company, agreeing to pay a fee for selling the house. This fee is negotiable but typically ranges from 5-6% in the Triangle.
The Multiple Listing Service (MLS) was created for brokers to share their home listings with other brokers in the network, guaranteeing that agents from different companies would get paid for selling the home.
The MLS is a contractual promise by the listing real estate company to pay the selling company (who brings the buyer) a specified fee. In the Triangle, this is typically 2.4%-3%. The listing company retains the remainder.
My commission is already included in the price of the home, so you don’t save money if you are not represented by a buyer’s agent.

For Sale by Owner (FSBO) Properties

Sellers who sell their home as FSBO will usually pay the buyer’s side of the fee (2.5%-3%). If the FSBO is listed in the MLS (which they usually are), I am guaranteed a fee. If it’s not the going rate, I will inform you before showing the property. If you’re interested in an FSBO that isn’t listed in the MLS, let me know. I’ll arrange an appointment, have the seller agree to pay my fee, and sign a compensation agreement before showing you the home.

No Additional Buyer Fee

Some real estate companies charge a separate buyer-paid fee at the contract stage, usually ranging from $200 to $500. My company does not charge a buyer fee.

Representation for Your Relocation

If you’re relocating to the Triangle and aren’t sure which area, neighborhood, or house is best for you and your family, I can help! If you think I would be a good match for you as a buyer’s agent after watching my videos, feel free to give me a call at (919) 274-4365 or email me.

COPYRIGHT © 2022 Marianne Howell Wright, Triangle Area Real Estate