North Carolina Housing Market 2024: Trends & House Prices

Current Housing Market in North Carolina

Boasting both beach and mountain regions, North Carolina has many attractive features, which help keep its housing market strong. In fact, data from moving companies shows that North Carolina is one of the top destinations in the nation for those relocating.

The state was second only to South Carolina as a top inbound state in the 2022 Moving Migration Report from North American Moving Services. Last year, 64% of North Carolina movers were moving in from another state, and Raleigh was the top city in the nation for attracting new residents, according to the report.

Meanwhile, Atlas Van Lines’ Annual Migration Patterns Study found North Carolina to be the top inbound destination for 2022, and a similar study from U-Haul pegged the state as fourth in the nation for growth last year. Each company used its internal transaction data to determine the number of moves into or out of states.

People don’t tend to leave North Carolina, according to Marbey, so he cautions buyers against thinking they can wait for demand to lessen. He doesn’t see that happening any time soon and notes the state is currently dealing with a low housing inventory....

Source: Forbes Advisor