RALEIGH, N.C. (WTVD) — Raleigh’s red-hot real estate market shows no signs of slowing down. A viral video taken by Triangle real estate agent Q Monique Edwards shows the reality of how competitive Raleigh’s housing market is with dozens of cars lined up for a showing of a home.
According to the listing agent, the house priced at $260,000 in Raleigh’s 27616 ZIP Code led to approximately 30 offers the day after the showing. All offers were above the asking price and several were cash offers.
In the video, Edwards said, “People are so desperate for a home under a particular price point because people don’t make as much money — this is absolutely insane.”
Real estate agents say the high offers are the norm in this market. Brian Holt with Logan Group at Keller Williams showed the home and said he tells all sellers the same thing.
“You should expect to go away for the weekend and then have an exorbitant amount of offers that might actually…
