July’s data shows a market that’s still generating significant dollar volume, even as transaction activity slows.
Here are a few takeaways:
🏢 Median sales price increased $15,500 to $458,500
💰 Total transaction volume reached $1.7 billion
🏗️ Three properties traded for more than $30 million, including assets in Raleigh and Cary
📉 Overall transaction count declined by nearly 10% from June
🏦 Lending activity also slowed, with fewer Deeds of Trust recorded month over month.
For property owners and business owners, this is a good reminder that price and activity don’t always move in the same direction.
We’re seeing values remain resilient while the pace of transactions and financing activity moderates. That’s why it’s important to look beyond headline prices and pay attention to market velocity, lending trends, and where capital is actually being deployed.
Understanding those shifts can make a meaningful difference when you’re buying, selling, leasing, or planning your next investment.
📍Are you seeing the same trend in your segment of the market?
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