{"id":1048,"date":"2026-05-26T12:38:59","date_gmt":"2026-05-26T12:38:59","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=1048"},"modified":"2026-05-26T12:38:59","modified_gmt":"2026-05-26T12:38:59","slug":"home-price-cuts-hit-the-triangle-10k-to-350k-drops-signal-more-cautious-market-2","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=1048","title":{"rendered":"Home price cuts hit the Triangle: $10K to $350K drops signal more cautious market"},"content":{"rendered":"

AI-generated summary reviewed by our newsroom.<\/p>\n

Read our AI Policy.<\/a><\/p>\n

The Triangle\u2019s housing market isn\u2019t cooling or heating \u2014 it\u2019s splitting.<\/p>\n

As mortgage rates ease, incomes rise and a surge of new construction floods the market, some neighborhoods are still correcting; in others, home prices are accelerating.<\/p>\n

Read more Mormon Wives’ Jessi Draper Addresses Relationship Status With Marciano<\/a><\/p>\n

\u201cThe market remains strong for well-priced homes and popular locations,\u201d said Tana Widdows<\/a>, a Compass agent in Chapel Hill.<\/p>\n

\u201cMore inventory is giving buyers more choices,\u201d she said, \u201cand they\u2019re being picky.\u201d<\/p>\n

Nowhere is the shift more visible than in the price\u2011cut data.<\/p>\n

Across the Triangle \u2014 especially in Raleigh and Wake County \u2014 the market is seeing price cuts ranging from $10,000 to more than $50,000, with the steepest drops showing up in townhomes and mid\u2011priced, single\u2011family homes as sellers adjust to a more price\u2011sensitive market.<\/p>\n

\u201cSellers must be strategic about price right now,\u201d said Cory Sherman<\/a>, a broker with Homegrown Real Estate in Durham. \u201c<\/i>Listings that go under contract quickly are priced slightly below market value to make it the best \u2018deal\u2019 in that price point.\u201d<\/p>\n

Here\u2019s a price-reduction brief:<\/p>\n

The North Raleigh home at 1603 Green Pine Court<\/a> has undergone a series of significant price adjustments this spring as the upper\u2011end market softens.<\/p>\n

The home debuted at $1,198,000 on Feb. 2 and dropped to $1,150,000 two days later, then continued sliding through a series of reductions \u2014 to $1,099,900 on March 2; $1,024,900 on March 30; $995,000 on April 10; $949,000 on April 24; and $900,000 on May 1. The seller made one final move on May 15, cutting the price to $849,000, the steepest drop yet.<\/p>\n

In total, the home has shed almost $349,000 from its original list price in just several months \u2014 a sharp correction that reflects growing buyer resistance at the million\u2011dollar mark and rising inventory in North Raleigh\u2019s luxury segment.<\/p>\n

Read more Raleigh police provide update on lawyers shot at Wake County courthouse<\/a><\/p>\n

The 5,028-square-foot home has four bedrooms and five bathrooms.<\/p>\n

The seller listed the home at 8604 Society Place<\/a> in North Raleigh, for $1,199,900 on April 16.<\/p>\n

On April 29, the price dropped to $1,149,900, a $50,000 reduction \u2014 the only adjustment since hitting the market.<\/p>\n

The 3,752-square-foot home has five bedrooms and five bathrooms.<\/p>\n

The seller listed the home at 1510 Kirkwood Dr.<\/a> in Durham for $420,000 on March 14. On April 15, the price dropped to $399,000, a $21,000 reduction. A second cut on May 15 lowered the price again to $349,000, trimming another $50,000.<\/p>\n

In total, the home is now down $71,000 from its original list price \u2014 a 16.9% decline since mid\u2011March.<\/p>\n

The 2,151-square-foot home has three bedrooms and two bathrooms.<\/p>\n

The seller listed the home at 209 Plyersmill Road<\/a> in Cary for $1,097,000 on April 3. On April 22, the price dropped to $1,049,000, a $48,000 reduction \u2014 the only adjustment since hitting the market.<\/p>\n

The 3,903-square-foot home has five bedrooms and four bathrooms.<\/p>\n

It\u2019s now pending sale.<\/p>\n

The home at 1564 Great Ridge Parkway<\/a> in Chapel Hill is currently listed at $794,000 after a $31,000 price cut on April 15.<\/p>\n

The 2,897-square-foot home has four bedrooms and four bathrooms.<\/p>\n

It\u2019s now pending sale.<\/p>\n

Keep up with the latest Triangle real estate news by subscribing to On the Market, The News & Observer’s free weekly real estate newsletter. Look for it in your inbox every Thursday morning. Sign up here<\/a>.<\/p>\n

Read more Alix Earle Left Crying After Running Into Ex-Boyfriend Braxton Berrios<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Across the Triangle \u2014 Raleigh, Durham, Cary and Chapel Hill \u2014 homes are seeing $10K to $200K price cuts as inventory rises and buyers grow more selective.<\/p>\n","protected":false},"author":1,"featured_media":982,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nHome price cuts hit the Triangle: $10K to $350K drops signal more cautious market - Durham Moving Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/durhammovinghub.com\/?p=1048\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home price cuts hit the Triangle: $10K to $350K drops signal more cautious market - 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