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What does 2023 hold for Triangle housing market? Experts say it is ‘cooling.’

By January 23, 2023March 2nd, 2023No Comments

By Chantal Allam

Source: The News and Observer 

After two-plus years of plummeting inventory and sky-high home prices, the Triangle housing market may finally be settling down. Mortgage rates have more than doubled from the historic lows seen in 2021, resulting in slower home sales and double the number of active listings, said Matt Fowler, executive director of Triangle MLS, a real estate listings platform covering eight local counties. “The market is cooling off,” he told the N&O. “Showings per listing are down; internet searches and most other metrics are well off of 2022 levels.”

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