August 28, 2025

a curated look at Raleigh (and the Triangle) real estate and lifestyle - delivered with local insight, market intelligence and a geniuine appreciation for great homes and great neighborhoods.

This week's Triangle Dream Homes

2427 Glenwood Avenue

A William “Polly” Deitrick original, reimagined into a chic city retreat with timeless character, modern luxury, and serene outdoor spaces just steps from Carolina Country Club

1428 Mordecai Drive

Renovated bungalow in Historic Mordecai with rare income potential — a 4BR main home plus a private 475sqft ADU.

120 Harmony Hill

3.6 Acres in Adjacent to Downtown Cary. See it to believe it.

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Market Snapshot – Week Ending October 25, 2025

• Active Inventory: 2,499 homes are on the market—down slightly from last week (-1.3%), but still 32% higher than this time last year. Supply has been steadily climbing since early spring and is holding near two-year highs.

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• New Pending Sales: 178 homes went under contract this week, a big jump from last week (+23.6%) and 42% higher than the same week last year. Buyers are still moving despite higher supply.

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• Median Sales Price: $474,000, down 10.6% from last week and about 8% lower than a year ago. Price volatility continues, with sellers adjusting to the growing inventory and motivated buyers taking advantage.

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What this means:​
We’re in a market where inventory is up, demand is active, but prices are softening.

Sellers should be realistic and strategic with pricing to capture motivated buyers early. Buyers, on the other hand, have more choice than they’ve had in years—and that combination of higher inventory and easing prices is creating real opportunity.

Booze and Schmooze: Dining and Lifestyle News

Ole Sports Bar coming to Downtown:

Get ready for new energy in the Boylan Heights warehouse district: beloved local spot Ole's Sports Bar is moving into a historic industrial space at the heart of Raleigh’s transformation. Expect a mix of casual charm and historic character that only adds to the neighborhood’s momentum

Sunflowers Returns

A beloved Raleigh original is making a comeback: after 37 years downtown and closing in 2020, Sunflower’s Café will reopen in 2026 at the new Rockway mixed-use destination near the south edge of downtown—bringing signature from-scratch food, a full craft-cocktail bar, and even tables that convert into pool tables after dark

Events/ Things to Do

Have you spotted the Trolls yet? Explore a playful new side of Dix Park—a family of five giant trolls, created by Danish “up-cycling” artist Thomas Dambo out of reclaimed wood, are now hidden throughout the 308-acre park, inviting families and visitors alike to hunt them down via trail and map.

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Downtown Raleigh Quarterly Report is Now Available

Download Here:

Don’t worry – I read through the full thing so you don’t have to — here are the highlights that matter most:

Development & Construction

- 15 projects underway → 1,003 apartments, 342 hotel rooms, 60,560 sq ft of retail.

- Highline Glenwood: 37 stories, Raleigh’s tallest residential tower, 306 luxury apartments + 16 penthouses.

- $8.3B total development pipeline since 2015 (completed + under construction + planned).

Residential

- 1,101 apartments delivered year-to-date. - 319 units absorbed in Q3, with demand still outpacing supply.

- Downtown average rent: $1,931/month.

Office

- Vacancy rate: 13.7% → lowest in the Triangle.

- 43,785 sq ft Class A absorption in Q3.

- Asking rent steady at $39.72/sq ft.

Storefront & Lifestyle

- Net gain: 11 new businesses in Q3 (21 openings vs. 10 closures).

- 29 more storefronts announced as “coming soon.”

- Food & beverage sales up +2.3% YOY; Seaboard/Person St. up +21.8%.

Tourism & Hospitality

- 2.2M unique visitors in Q3, up +3.5% YOY.

- Hotel revenue up +5.3% YOY.

- TownePlace Suites (138 rooms) under construction on Blount Street.

What’s it all mean?

• Downtown isn’t slowing — it’s accelerating.
• Apartments are being absorbed as quickly as they’re delivered, storefronts are net positive, and visitor counts are growing.
• While other metros are wrestling with empty office towers, Raleigh has the lowest vacancy rate in the region.
• The takeaway for homeowners and investors: proximity to downtown will only get more valuable.

The gravitational pull of this growth doesn’t stop at Fayetteville Street — it ripples out to Five Points, Boylan Heights, Oakwood, University Park, and beyond.

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The Raleighwood Home by Dale Moody © 2025.​
This publication is independently produced and not affiliated with any national real estate franchise. Cornerstone Properties is a locally owned and operated firm based in Raleigh, NC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Dale Moody is a licensed Realtor® with Cornerstone Properties in the state of North Carolina, NC License #: 275028. Need assistance or have a question?
Call or text Dale directly at (919) 607-4606 or email dale@dalemoody.com

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