June 2026 Triangle Real Estate Market Report
What I'm Seeing Across Chapel Hill, Durham, Cary, Raleigh & the Greater Triangle
The June housing data tells an interesting story.
For the first time in several months, new listings declined year-over-year across several of the Triangle's largest markets, while closed sales increased almost everywhere. That may seem contradictory at first, but it actually makes sense. Most of the homes that closed in June went under contract in May, when buyer activity was particularly strong.
The question I'm watching closely is whether this slowdown in new listings continues through July and August.
If fewer homeowners decide to sell while buyers remain active, we could see inventory tighten again. That would be welcome news for sellers and could surprise many buyers who have been expecting more negotiating power.
As someone who negotiates contracts every week across Chapel Hill, Carrboro, Durham, Cary, Raleigh, Pittsboro, and the surrounding Triangle, here's what I'm seeing on the ground.
- Buyers are still negotiating aggressively. They're asking for repairs, credits, and price reductions whenever they believe the market supports it.
- At the same time, I'm seeing more sellers who simply aren't motivated to sell at any price. Many homeowners have mortgage rates between 2.5% and 4%. If they don't receive an offer they're happy with, they're choosing to stay put, rent the home, or wait for a better opportunity rather than reducing their price.
- Well-prepared, well-priced homes in desirable neighborhoods continue to receive multiple offers across nearly every price point.
In other words, today's market rewards preparation and strategy more than ever.
Triangle-Wide June 2026 Highlights
Metric | June 2026 | Year-over-Year Change |
|---|---|---|
New Listings | 5,169 | -1.3% |
Closed Sales | 4,171 | +9.1% |
Median Sales Price | $415,109 | +0.6% |
Average Sales Price | $520,526 | +4.1% |
Days on Market | 26 | +23.8% |
Inventory | 12,367 homes | +7.6% |
Although inventory remains higher than last year, fewer new listings came to market during June while sales activity remained healthy. It's an early trend worth watching closely.
Chapel Hill & Carrboro Market
Metric | June 2026 | Year-over-Year Change |
|---|---|---|
New Listings | 176 | -9.3% |
Closed Sales | 161 | +13.4% |
Median Sales Price | $700,000 | +4.9% |
Average Sales Price | $786,732 | +5.7% |
Days on Market | 37 | +105.6% |
Inventory | 439 homes | +9.2% |
My Take
This continues to be one of the strongest luxury markets in the Triangle. Inventory has increased, giving buyers more options, but the best homes are still selling quickly when they're priced correctly and professionally prepared.
The nearly 10% decline in new listings is something I'll be watching closely over the next few months.
Durham Market
Metric | June 2026 | Year-over-Year Change |
|---|---|---|
New Listings | 555 | -0.5% |
Closed Sales | 466 | +24.9% |
Median Sales Price | $425,000 | No Change |
Average Sales Price | $518,450 | +6.6% |
Days on Market | 22 | -12.0% |
Inventory | 1,258 homes | +16.1% |
My Take
Durham had one of the strongest months in the Triangle. Closed sales jumped nearly 25%, while homes actually sold faster than they did last June.
Demand remains healthy, particularly for updated homes in desirable neighborhoods.
Cary, Apex & Morrisville Market
Metric | June 2026 | Year-over-Year Change |
|---|---|---|
New Listings | 546 | +7.5% |
Closed Sales | 454 | +16.7% |
Median Sales Price | $645,000 | +2.4% |
Average Sales Price | $742,640 | +4.6% |
Days on Market | 18 | +5.9% |
Inventory | 920 homes | +8.0% |
My Take
Unlike several neighboring markets, Cary, Apex, and Morrisville continue to see more sellers entering the market. Even so, buyer demand remains extremely healthy, with closed sales increasing nearly 17%.
This remains one of the Triangle's most competitive areas because of its schools, job growth, and quality of life.
Raleigh Market
Metric | June 2026 | Year-over-Year Change |
|---|---|---|
New Listings | 827 | -8.3% |
Closed Sales | 712 | +8.2% |
Median Sales Price | $460,000 | -1.1% |
Average Sales Price | $634,344 | +2.9% |
Days on Market | 30 | +30.4% |
Inventory | 1,972 homes | +0.9% |
My Take
Raleigh continues to normalize after several years of rapid appreciation. Buyers have more negotiating opportunities than they did during the pandemic market, but attractive homes continue to generate strong interest.
The decline in new listings is another trend worth watching.
Chatham County Market
Metric | June 2026 | Year-over-Year Change |
|---|---|---|
New Listings | 149 | +8.8% |
Closed Sales | 123 | +19.4% |
Median Sales Price | $687,000 | +1.8% |
Average Sales Price | $935,109 | +18.3% |
Days on Market | 37 | +12.1% |
Inventory | 387 homes | -2.3% |
My Take
Chatham County continues to perform well, especially in the luxury market. Inventory actually declined while sales activity increased, helping push average sales prices significantly higher.
This market continues to attract buyers looking for larger homes, acreage, and communities like Briar Chapel and Fearrington Village.
What This Means for Sellers
My advice hasn't changed.
The homes receiving the strongest offers are the ones that are thoughtfully prepared, professionally staged, marketed strategically, and priced to attract the right buyers from day one.
Preparation creates demand.
Demand creates competition.
Competition creates stronger offers.
Today's market rewards strategy far more than simply putting a home on the MLS.
What This Means for Buyers
Don't assume that higher inventory means you'll automatically receive a 10% discount.
The best homes in the best neighborhoods continue to receive multiple offers.
The opportunities are there, but buyers who are prepared, realistic, and ready to act still have the greatest success.
What I'm Watching Next Month
The biggest story I'll be following is new listings.
Four major Triangle markets saw fewer homes come on the market this June than they did a year ago:
- Chapel Hill / Carrboro (-9.3%)
- Raleigh (-8.3%)
- Entire Triangle MLS Region (-1.3%)
- Durham (-0.5%)
If that trend continues while buyer demand remains steady, inventory could begin tightening again. That would likely increase competition, strengthen negotiating positions for sellers, and surprise many buyers who have been waiting for significantly lower prices.
As always, every neighborhood tells its own story. If you're thinking about buying or selling in Chapel Hill, Carrboro, Durham, Cary, Raleigh, Pittsboro, or anywhere in the Triangle, I'd be happy to help you understand what these market trends mean for your specific home and goals.
Warmly,
Tana Widdows
Compass Real Estate | Chapel Hill, Carrboro, Cary, Durham, Raleigh & the Triangle
