Wake County real estate activity remained strong in May, with more than $1.65 billion in transactions across 3,247 sales.

Jun 12, 2026 | News

A few notable trends:

  • Median sale price dipped slightly from $470,000 to $465,000
  • Four transactions exceeded $30 million, including Capital Marketplace in Raleigh ($80.6M)
  • Transaction volume increased month-over-month
  • Lending activity cooled modestly, with deed of trust recordings down from April

The takeaway? While pricing appears to be stabilizing, transaction activity across Wake County remains active, particularly in the investment and commercial sectors.

As always, watching transaction volume can often tell us as much about market health as pricing alone.

https://www.wake.gov/news/may-2026s-median-price-wake-county-real-estate-decreased-5000-465000

Dylan Cunningham

J Dylan Cunningham, CCIM is the founder of Oak Street Commercial Real Estate, LLC, a firm located in Apex, NC on a mission to help business owners and commercial real estate owners create long-term strategies that align with their objectives through real estate.

We believe in going beyond the transaction, taking a deep look at where you want to be in five, ten or even twenty years from now—and how we can help you get there with thoughtful, strategic decisions today.