More homes, fewer buyers: Triangle enters rare buyer’s market
ByElaina Athans
Thursday, September 17, 2026 11:05PM
RALEIGH, N.C. (WTVD) –A growing surplus of homes for sale across Raleigh and the greater Triangle has pushed the region into what multiple realtors describe as a rare buyer’s market, marking a significant shift from the area’s typically fast-moving real estate landscape.
Lexie Moll, who is trying to sell her 1920s Craftsman ranch, said she has gone to unusual lengths to attract attention, including printing flyers and distributing them to nearby small businesses.
Moll, who is currently carrying two mortgages, initially listed the home in May and attempted to sell it herself.
During a walkthrough of the property, she pointed out its original hardwood floors and crown molding. But despite a price reduction and some recent interest, she said offers have yet to materialize.
“It’s been super frustrating,” Moll said. “I just feel like it’s kind of holding us back from doing a lot of things that we had planned to do.”
Realtor Alley Buscemi said the market shift is being driven largely by high interest rates, which have reduced the number of active buyers.
“The leverage has totally shifted,” Buscemi said. “We’re very used to a hot real estate market here, and we are seeing substantially more inventory sitting on the market.”
According to <a href="https://www.redfin.com/city/35711/NC/Raleigh/housing-market#agent-insights” rel=”nofollow noopener” target=”_blank”>Redfin’s latest report, Raleigh sale prices have dropped 6.2% compared with this time last year.
Buscemi said that for buyers willing to navigate current conditions, the environment could be advantageous.
“For people brave enough to go against the current, they can get a pretty killer sales price,” she said. “This is the climate to get an amazing deal.”
Moll said she is prepared to work with any serious buyer to ease the financial strain.
Teen charged in deadly Fuquay-Varina Zaxby’s shooting held without bond
UnitedHealthcare members to again have WakeMed access after deal; vote set on WakeMed-Atrium merger
Feeling like summer with rain returning Friday
“Realistically, at this point, I think we’d be grateful for any interest,” she said.
On Wednesday, the Federal Reserve raised interest rates in an effort to cool inflation. Buscemi said she is unsure whether the move will significantly affect the local housing market.
Report a correction or typo
Copyright
