Home Prices Took a Nap. Now They’re Waking Up (and Want Coffee)

by Allen Faircloth

Pre-Pandemic Home Prices: What This Means for Buyers - Summit Mortgage

If you’ve been reading national real estate headlines over the last year or two, you’d think the housing market was about to implode like a cheap folding chair. Every sensationalist headline predicted a massive crash, leaving buyers waiting around with popcorn and sellers clutching their pearls.

Spoiler alert: The crash never came.

Instead, home price growth just took a modest little breather—cooling down across the country from those wild 7%+ surges a couple of years ago. But according to the latest national data, that cooling period is officially wrapping up, and prices are starting to pick back up again.

Now, national stats are cute, but unless you plan on buying a house in the exact statistical center of Kansas, what really matters is what’s happening right here in our neck of the woods.

At Anthem Properties, we keep our boots on the ground across Johnston, Harnett, Southern & Eastern Wake, and Cumberland Counties. Here is what this plot twist in the market actually means for you (served with a side of zero jargon).

The Numbers Are Flipping the Script

Nationwide, the number of markets seeing price drops is shrinking fast. Mid-last year, over a third of major markets saw minor price dips. Today? That’s down to around 23%.

Translation: Fewer price drops mean more price rises. Economists are predicting national prices will grow around 2.3% overall this year, which means the second half of the year has to do a little heavy lifting.

What That Looks Like Around Here

Real estate is hyper-local, and our region is a great example of why blanket national news rarely tells the whole story:

  • Johnston County (Clayton, Smithfield, Benson): JoCo remains the favorite escape valve for people who want space, yards, and sanity without giving up an easy commute. As buyers flood in, prices here stay resilient.
  • Southern & Eastern Wake County (Fuquay-Varina, Holly Springs, Garner, Wendell, Zebulon): Wake County never really got the memo to "cool off" in a major way. Demand driven by Research Triangle tech and commercial growth keeps pressure on inventory, meaning any national price uptick hits here fast.

  • Harnett County (Lillington, Angier, Sanford line): Nestled perfectly between the Triangle and Fort Bragg, Harnett has quietly been gaining steady ground while everyone was looking elsewhere (with Lillington and Angier leading the pack).

  • Cumberland County (Fayetteville, Hope Mills, Spring Lake): Driven by military moves and incredibly attractive affordability, Cumberland County offers strong, consistent buyer demand that keeps equity climbing.

What This Means for You

Depending on which side of the closing table you want to sit on, this market shift changes your playbook.

1. If You’re Looking to Buy

The period of slower growth was actually your friend—it gave you a breath of fresh air, room to negotiate inspections, and time to think without making an offer within 45 seconds of stepping onto a porch.

However, if growth is picking back up, waiting until "next season" might just mean paying a higher price tag for the exact same house. Buying now lets you lock in today’s price before the momentum builds.

2. If You Already Own a Home

Congratulations! You’ve been quietly building equity all along, even while the news declared the sky was falling. Chief Economist Lawrence Yun at the National Association of Realtors (NAR) estimates the typical homeowner will gain roughly $16,000 in housing wealth this year alone.

If you’ve been thinking about selling to trade up, downsize, or pivot, the market is sitting in a sweet, balanced spot—price growth is picking up, but buyers are still actively shopping.

Don't Let the Headlines Confuse You

National averages mix Florida condos, California mansions, and North Carolina suburbia into one giant blender. Trying to make a personal financial move based on a national average is like wearing a winter coat in July because it's snowing in Alaska.

Whether you're eye-ing a craftsman in Fuquay, a few acres in Harnett, a cozy spot in JoCo, or a home near Fort Bragg in Cumberland County, you need local expertise.

Ready to see what your home is actually worth—or what your budget can buy in today's local market?

Give Anthem Properties a shout today. We’ll skip the doom-and-gloom, give you the real numbers, and help you stay three steps ahead of the market.

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