Raleigh home prices falling as inventory grows

POLICE ABOUT WHETHER THEY’VE IDENTIFIED THIS MAN OR ARRESTED HIM. >> PRICES ARE DROPPING IN FOR HOMES IN RALEIGH AND THE LISTINGS ARE GROWING. A NEW REPORT RELEASED BY REDFIN TODAY HIGHLIGHTS THE SHIFT ONE IN 4 HOMES FOR SALE IN RALEIGH’S METRO AREA SAW AT LEAST ONE PRICE DROP IN JUNE WRL’S. AARON THOMAS IS LIVE IN RALEIGH WITH THE CONTRIBUTING FACTORS LEADING TO THIS SHIFT AARON. >> WELL, JOE, CHECK THIS OUT. YOU SEE THESE LOTS HERE SHOWING SOLD AND TELLS YOU THAT THE TRIANGLE REMAINS A HOT HOUSING MARKET. NOW THE SLIGHT UPTICK IN INVENTORY IS HELPING THINGS COOL OFF JUST A LITTLE BIT, WHICH IS GIVING ACTIVE BUYER. SOME HOPE FOR LEVERAGE. NEW HOMES ARE POPPING UP MORE THROUGHOUT THE TRIANGLE. BUT I THINK THAT THE MARKET STILL HOT. KEVIN LANDIS FINALLY CLOSING ON A NEW HOME IN CARY. >> AFTER 2 MONTHS OF TOUGH COMPETITION THAT WILL MAKE SEVERAL OFFERS. THERE MAY BE HOPE FOR BUYERS LOOKING FOR BALANCE. A NEW REPORT SHOWS RALEIGH HOME PRICES ARE DROPPING EVEN AS MORTGAGE RATES RISE. JASON KOJAK POINTS OUT. SOME SELLERS ARE TRYING TO CATCH A NEW GROUP OF BUYERS. IF I WAS >> LISTED AT 510,000, YOU KNOW, WE’RE SEEING SOME PEOPLE THAT ARE DROPPING TO 4.99 IN AN ATTEMPT TO GRAB A NEW BUYER POOL AND BUYERS NOW HAVE MORE OPTIONS. >> DATA OBTAINED BY WRAL SHOWED THERE WERE MORE THAN 2500 NEW LISTINGS THAT CAME ON THE MARKET IN JUNE FOR MORE THAN AND NOW FOR MORE THAN 2100 IN JUNE OF 2021. REAL ESTATE AGENT TO A TOY SAYS NOW IS THE TIME TO MAKE AN INVESTMENT IN PURCHASING PROPERTY. WHEN YOU LOOK AT THE APPRECIATION THAT THEY’RE STILL ANTICIPATING, OUR MARKET IS GOING TO ENJOY OVER THE NEXT >> YEARS. NUMBER OF YEARS, THEN IT’S STILL AN EXCELLENT TIME TO MOVE FORWARD WITH THAT. >> IN THESE REAL DOES GO ON TO SAY THAT IT IS STILL VERY MUCH A SELLER’S MARKET HERE IN THE TRIANGLE AND WILL DEFINITELY TO SEE MANY OF THESE TRENDS MONTH AFTER MONTH AFTER MONTH. BEFORE WE SEE A SIGNIFICANT