This is the fourth installment in Inman’s “12 in ’21” hot neighborhoods series, which explores areas with both booming real estate markets and dense amenities. To read previous stories in the series, click here.
As booming home price growth pushed buyers out of coastal hubs like New York City, San Francisco, Seattle and San Diego, an emerging class of vibrant and affordable secondary cities began capturing the hearts (and pockets) of young professionals looking for a place to call home.
These secondary cities are mostly dotted across the South and Midwest; however, there’s a standout city on the East Coast that provides a perfect mix of southern hospitality matched with the hustle and innovation of its northern neighbors.
Updated December 16, 2020 6:41 a.m. EST
By Rick Armstrong, WRAL photojournalist
Local real estate agents say homes are moving fast in the Triangle market. North Carolina is just blazing hot, said DASH realty’s Quentin Dane. We have 60 to 70 people a day moving in.
Dane says the Triangle home market ranks among the top 5 in the nation. However, available homes for sale are down 45.2% from 2019, which is 11% lower than the national average.
That may be one reason why homes sell within 5 to 13 days. And it’s really hard to keep up with that sort of demand. Builders are trying their best to keep up with it, said Dane.