Builders across the Triangle are playing catch-up after the COVID-19 pandemic’s real estate rush wiped out inventory across the Raleigh-Durham area. As the end of 2023 nears, there’s been a shift in the market as more new construction has become available and the median sales price has begun to decrease across the Triangle. However, there continues to be a shortage of homes. Research from Zillow reports Raleigh needs 17,000 more homes to keep up with its growth.
One way the market is starting…
