Though the National Association of Realtors reported that home values in North Carolina fell in the third quarter of 2007, the home resale values in Raleigh and Cary continued to increase.

While home values increase by $4,400 on average in Raleigh and Durham between the second and third quarter, home values in Durham dropped by $6,800 during the same time period.

And while Durham home prices have dropped, this trend is in line with the rest of the US. Home prices in 47 states dropped in the third quarter of 2007. This nationwide trend in depreciating home values makes buying real estate in Raleigh or Cary a smart choice right now.

In the housing market, some areas will continue to hold value and even increase in value despite an overall slump if the area is desirable enough. As more and more people learn about the economic and lifestyle benefits that the Triangle area has to offer, the demand for housing in the area continues to rise – and with it so do that home values. In fact, Raleigh and Cary In fact, home values in Raleigh and Cary have increase 7.5% over the past year!

Despite the increase Raleigh and Cary real estate is still surprisingly affordable when compared with other high interest cities in the nation. With an average home price of $229,500, the Raleigh and Cary market has become extremely attractive to those in more expensive areas of the country who are looking to relocate.

Thinking about relocating to Raleigh or Cary? Contact us today at 919-573-6150 and learn about our comprehensive Raleigh relocation services.

Tags: Triangle Real Estate //