This is using updated data from the MLS and Redfin.Median Sales Price: $382k (down 2%)Median Single Family Price: $433kMedian Townhome Price: $333kMedian Condo Price: $270kAverage DOM: 35Number of Homes Sold: 296 (down 6%)Homes receive 2 offers on average.19% of homes sell above asking still.Average Sale-to-List Price of 98%67% of homes utilize a price drop to attract buyers.The most popular neighborhoods were:- Brier Creek- North Hills- Downtown- West CaryAccording to CBS News: "Raleigh is #2 hottest real estate market in the US, Durham is #4, according to 2024 rankings"Inventory is still below the "norm" but significantly higher than it has been in recent years.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

The other risk I see is if there are layoffs of the middle-management ranks or high tech programmer/analyst type jobs move offshore.As you move down the price ranges and even on the higher end price ranges, if they are priced right, they get sold, get sold pretty quickly, and still getting multiple offers.   

New Haven was ranked in the top #10 for Air DNA's best markets to invest in STRs for 2023!

Denver was just ranked the hottest housing market in February.

Side note: I couldn't fit this into each chart's description but I would like to say 1) Many of highest ranking counties based on rent/purchase price (1% (or 2%) rule) are false positives because there is not enough demand; these would be low population/ frontier counties.

(Colorado Springs keeps getting ranked as one of the most attractive places for young workers.)Make sure you know the Airbnb laws.

I've always heard this helps with the algorithm in showing that you are an active host and can get a little bump up in the rankings. 

If any one of those rules are broken at the time of booking, VRBO will waive the host initiated cancellation fee for you and it won't affect your ranking metrics.

These properties are managed by operators that have the knowledge and experience and constantly learn how to optimize the listing to rank higher and overall bring in more revenue.