March 2026 Greater Triangle Market Report

In February, the Triangle region saw a notable 3.6% increase in new listings, a 1.8% dip in closed sales, and a 1.4% increase in average sales price, now sitting at $466,584 year-to-date. This shift suggests we’re continuing to move toward a more balanced market, inventory is gradually building, giving buyers a bit more breathing room, while home values are still holding steady with modest growth. While the slight dip in closings may reflect some hesitation tied to interest rates or seasonal timing, the increase in listings is a strong indicator that sellers are gaining confidence as we head into the spring market.

Chatham County saw a slight 0.7% decrease in new listings in February, while closed sales increased by 3.2%, signaling continued buyer demand despite limited new inventory. The average sales price rose 4.2%, now sitting at $752,314 year-to-date, reflecting strong value growth and ongoing interest in the area as we move closer to the spring market.

​February brought some interesting activity to Durham’s real estate market. New listings jumped 19.8%, giving buyers plenty of options, while closed sales edged up 2%. The average sales price dipped slightly by 9.8%, now sitting at $437,908 year to date. Whether you’re buying or selling, February shows there’s movement in the market and opportunities to make your next move.

In February, Orange County saw impressive activity. New listings surged by a whopping 38.4%, giving buyers a significant boost in options. Closed sales also edged up 1.4%, while the average sales price increased 8.4%, now sitting at $573,018 year to date. These February trends reflect a dynamic market with growing inventory and rising home values, creating opportunities for both buyers and sellers alike.

In February, Person County showed some notable trends. Closed sales remained steady with no change, while new listings saw a significant 9.8% increase, giving buyers more options to consider. Meanwhile, the average sales price experienced a remarkable 21.1% jump, reaching $341,983 year to date, highlighting a strong upward trend in property values throughout the county. These February trends indicate a market with growing inventory and rising prices, offering opportunities for both buyers and sellers.

In February, Wake County’s real estate market showed some interesting shifts. New listings increased by 4.1%, giving buyers more options to choose from, while closed sales dipped slightly by 3.3%. Meanwhile, the average sales price saw a modest 0.5% decrease, now sitting at $555,717 year to date. These trends highlight a market with growing inventory but subtle cooling in completed sales and prices, offering opportunities for both buyers and sellers.

Home values across the region continue to show resilience, with most counties experiencing price growth or holding steady year-to-date. At the same time, the increase in new listings in several areas is giving buyers more opportunities and helping ease some of the tight inventory conditions we’ve seen over the past couple of years. All signs point to a more normalized, competitive market, one where sellers can still benefit from strong pricing, but buyers may finally gain a bit more leverage and choice. As we move deeper into the spring market, continued inventory growth and steady demand will be key factors to watch across the Triangle.

Buying or selling a home can feel overwhelming, endless paperwork, shifting markets, and unexpected challenges can make the process stressful. That’s where Carl Johnson, a seasoned REALTOR®, comes in. With Carl by your side, every step becomes clear, manageable, and even enjoyable.

At Carl Johnson Real Estate, you’re not just working with one agent, you gain access to a trusted network of lenders, mortgage specialists, inspectors, and contractors, all working together to handle every detail with care. This team approach saves you time, reduces stress, and empowers you to make confident, informed decisions from start to finish. Ready to make your next move? Call 919-880-0904 and let Carl Johnson Real Estate help you find the home that’s perfect for you.

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