The Raleigh Market is One of the Top Three Most Competitive Real Estate Markets in the Country
According to recent Lending Tree data, Raleigh, North Carolina was the third most competitive metro area for homebuyers. With the average home sale price of $340,000, LendingTree found that 70.48% of buyers in Raleigh had a credit score of 720 or higher and the average down payment was 21.15%. LendingTree’s Chief Economist Tendayi Kapfidze said, ”I would probably say the biggest surprise for me was Raleigh at number three. Typically, where we find the most competitive cities tend to be areas with higher home prices and less affordability, but Raleigh is a very affordable midsize area.”
The growth of the triangle along with the prospect of Chatham Park is making Chatham County a prime spot for relocation. The median home price in Chatham County is $434,000 for reference.