It may be a buyer's market in Raleigh, North Carolina, but are prices on the rise?

Real estate expert Randy Scherr thinks so. He reports that prices are on a moderate rise and reports to Realty Times, "General market indicators have been steadily climbing for the last 5 years. In 2007 we saw continued appreciation, but it slowed to about 1 to 1.5% by late in the year." He also noted that higher prices homes are not moving quickly. Moderately prices homes are seeing an average of 82 days on market.

Expert Rochelle McCoy-Wells disagrees about the rising prices. She notes, "Although it is still a great time to buy, sellers in the Triangle area are feeling the housing crunch."

But sellers, don't despair. A strong economy can lead to strong sales. And Forbes magazine voted Raleigh number 1 this year for "Top 200 Best Places For Business And Careers."

Published: October 6, 2008

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