The Raleigh Housing Market predictions for the year 2023 are cautiously optimistic. The market has had a number of positive developments such as the opening of new housing projects and increased job opportunities. Despite this, there are also a number of concerns that could affect the market such as increasing competition from out-of-state developers, an uncertain economy, and rising costs. Nonetheless, with continued support from government and private sources, the Raleigh Housing Market is poised for continued growth in the years to come. In 2023, Raleigh is predicted to experience an increase in home prices with some areas seeing increases in values over 50%. This increase in home prices is likely due to the continued growth of the city and its many businesses. The Raleigh housing market is forecast to grow by 3.5% in 2023, according to a report from real estate company Ashley Coombs. This growth will be driven by the increasing demand for rental units and the continued growth of the rodeo and events industry. The demand for housing also is expected to reflect increased wages and salaries, as well as an increase in the number of families moving into the city. The city's population is projected to grow by 23%, which will lead to an increase in demand for homes. The report also predicts that Raleigh will see an increase in the number of multifamily homes and apartments as well as single-family homes.