May 2025 Market Update
Luxury home trends across the Triangle are evolving, with price adjustments, changing inventory levels, and subtle buyer and seller dynamics shifts. While each town presents a unique market landscape, one thing is clear: pricing and timing are more important than ever. Below is a breakdown of how Raleigh, Cary, Apex, and Holly Springs performed in May 2025.
Raleigh Luxury Real Estate Update
Raleigh continues to lead the region in transaction volume, with 107 closed sales—an 18.6% increase year-over-year. The median sales price in the luxury segment sits at $1,005,000, down 4.3%, signaling a gentle downward trend. Homes are still selling quickly, with an average of just 6 days on the market, down 25% from last year.
Inventory is up 60%, now at 3.8 months—just shy of a balanced market range. There were 123 price reductions in April, indicating that sellers are becoming more flexible. The highest-priced sale was a $3,350,000 home in North Ridge Country Club, which sold for $250,000 under the original list price.
Cary Luxury Real Estate Update
Cary’s luxury market shows signs of softening, with the median price dipping 7.3% to $950,000. Still, homes are selling fast, averaging just 4 days on the market, although that’s up 33.3% year-over-year.
Inventory is up 81.8% at 2 months of supply, and 54 homes had price reductions in April (roughly 40-50% of inventory). Sellers are aiming to price more competitively. The highest sale in Cary hit $2.2 million and sold for 2% over asking within 24 hours.
Apex Luxury Real Estate Update
Apex remains a growing and stable luxury market. The median home price increased 3.2% to $955,000, while average days on market rose 50% to 6 days. Active listings have more than doubled, and inventory now stands at 1.9 months.
Thirty-five homes closed in April, a 14.6% decrease, but 29 properties saw price reductions, showing that sellers are adjusting to match buyer expectations. The top sale was $2.2 million, selling 1% below list.
Holly Springs Luxury Real Estate Update
The median price of luxury homes in Holly Springs was $843,500, down 3.6%. Homes averaged 5 days on the market, and inventory held steady at 2 months.
Half of the homes listed in April had price reductions (19 total), reflecting efforts to meet buyer expectations. The highest sale was $1,255,000—5% over list—and sold in just 3 days.
Raleigh Luxury Market in May 2025: Final Thoughts
Across the Triangle, we’re seeing more price reductions and an increase in inventory, especially in the luxury segment. Days on market remain low, but the pace is slightly slowing in some areas. Each town differs in whether it favors buyers or sellers, so hyperlocal insights are essential. For luxury buyers, this softening opens new opportunities. Sellers should price strategically to stay competitive, as today’s buyers are more value-driven than ever.
