HILLSBOROUGH AREA HOUSING MARKET DATA

There was a decrease in total units sold in July, with 36 sold this month in Hillsborough Area Real Estate versus 42 last month, a decrease of 14%. This month's total units sold was lower than at this time last year, a decrease of 10% versus July 2024.

Versus last year, the total number of homes available this month is higher by 48 units or 73%. The total number of active inventory this July was 114 compared to 66 in July 2024. This month's total of 114 is lower than the previous month's total supply of available inventory of 117, a decrease of 3%.

Last July, the median sale price for Hillsborough Area Homes was $475,000. This July, the median sale price was $465,000, a decrease of 2% or $10,000 compared to last year. The current median sold price is 3% higher than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In July, there was 3.2 months of supply available in Hillsborough Area, compared to 1.7 in July 2024. That is an increase of 92% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 49 homes newly listed for sale in Hillsborough Area compared to 31 in July 2024, an increase of 58%. There were 35 current contracts pending sale this July compared to 29 a year ago. The number of current contracts is 21% higher than last July.

In July, the average sale price in Hillsborough Area was 101.2% of the average list price, which is 2.2% higher than at this time last year.

This month, the average number of days on market was 39, higher than the average last year, which was 37, an increase of 5%.





FOCUS ON: HILLSBOROUGH AREA HOUSING MARKET			JULY 2025

Zip Code(s): 27278, 27243 and 27231
Units Sold 36	Active Inventory 114	Median Sale Price $465,000	Days On Market 39

Down -10% Vs. Year Ago	Up 73% Vs. Year Ago	Down -2% Vs. Year Ago	Up 5% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 36 sold this month in Hillsborough Area Real Estate versus 42 last month, a decrease of 14%. This month's total units sold was lower than at this time last year, a decrease of 10% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 48 units or 73%. The total number of active inventory this July was 114 compared to 66 in July 2024. This month's total of 114 is lower than the previous month's total supply of available inventory of 117, a decrease of 3%.
		Median Sale Price Last July, the median sale price for Hillsborough Area Homes was $475,000. This July, the median sale price was $465,000, a decrease of 2% or $10,000 compared to last year. The current median sold price is 3% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 35	Sold Vs. List Price 101.2%	Months of Supply 3.2

Up 58% Vs. Year Ago	Up 21% Vs. Year Ago	Up 2.2% Vs. Year Ago	Up 92% Vs. Year Ago


		Months of Supply In July, there was 3.2 months of supply available in Hillsborough Area, compared to 1.7 in July 2024. That is an increase of 92% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 49 homes newly listed for sale in Hillsborough Area compared to 31 in July 2024, an increase of 58%. There were 35 current contracts pending sale this July compared to 29 a year ago. The number of current contracts is 21% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Hillsborough Area was 101.2% of the average list price, which is 2.2% higher than at this time last year. Days on Market This month, the average number of days on market was 39, higher than the average last year, which was 37, an increase of 5%.


	Hillsborough Area are defined as properties listed in zip code/s 27278, 27243 and 27231.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.