Cary Luxury Market Update: Breaking the $1 Million Barrier
If you have been keeping a close watch on the Cary real estate market, you know it has been competitive. But the latest numbers for January 2026 show just how strong the demand for luxury living in this area truly is.
While headlines might focus on “rising inventory,” the real story is about value. Cary has officially crossed a major psychological and financial threshold, cementing its status as one of the most desirable locations in the Triangle.
Watch the full breakdown in my latest video:
The $1 Million Milestone
The headline news for this month is appreciation. The median home price in Cary has jumped from $990,000 to $1,050,000.
This represents a 7% year-over-year growth. In just 12 months, property values have surged, pushing the median luxury price over the million-dollar mark.
- For Sellers: Your equity position is likely stronger than ever.
- For Buyers: Waiting for prices to “drop” has proven to be a losing strategy in Cary. The data shows steady, robust appreciation.
2. The “Inventory Spike” Myth vs. Reality
If you look at the raw percentages, you might see a scary number: Inventory is up 97% year-over-year.
At first glance, that sounds like the market is flooded with homes. But context is everything.
- The Real Numbers: We went from having extremely low inventory (38 homes last year) to a healthier, but still limited, supply (75 homes this year).
- The Verdict: In a town the size of Cary, 75 luxury homes is definitely not an oversupply. It simply means buyers have slightly more choice than the near-zero inventory environment of the past, but competition remains.
3. Supply & Demand: Still a Seller’s Market
To understand who has the upper hand, we look at “Months of Supply.”
We moved from 1 month of supply last year to 2.4 months this year. While this is an increase, it is important to remember that a “balanced” market is typically 4–6 months of supply.
At 2.4 months, Cary is still firmly in Seller’s Market territory. Sellers still control the board, but with slightly more inventory available, pricing your home correctly is more important than ever to ensure you capture that $1M+ value.
🚀 PLANNING A MOVE TO NC?
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Let’s ensure your move supports your career and your lifestyle.
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