January 2026 data from the Wake County Register of Deeds shows a slowdown in activity without a meaningful pricing reset.
What stands out:
- Transaction volume declined — 2,122 sales vs. 3,104 in December
- Median price dipped modestly — $450,000, down $5,000 month-over-month
- Core market drives pricing — 88% of transactions were $1M or less
- Large deals still closing — multiple $30M+ trades across Raleigh and Cary
- Total sales volume: ~$1.24B in January
- Lending activity slowed — fewer deeds of trust recorded month-over-month
Context:
Lower velocity paired with stable pricing suggests a more selective market, not a distressed one.
https://www.wake.gov/news/january-2025s-median-price-wake-county-real-estate-decreased-10000-450000
