Matrix Multifamily Raleigh Report-June 2025

Market Overview

In early 2025, Raleigh–Durham’s multifamily market showed mixed signals. Average asking rent rose 0.5 percent on a trailing three‑month basis yet declined 0.6 percent year‑over‑year. Occupancy slipped to 93.5 percent as of March, underperforming the national average of 94.4 percent. Condominium deliveries accounted for 1.9 percent of existing stock—significantly above U.S. norms—highlighting persistent supply pressures impacting rent and absorption dynamics.

About Yardi Matrix

Yardi Matrix is a premier provider of commercial real estate data and analytics, specializing in multifamily and other property types. Their metro-level reports deliver timely insights into rent trends, occupancy, pipeline activity, and market fundamentals, arming investors, operators, and analysts with data-driven forecasts.