PITTSBORO AND SILER CITY AREA HOUSING MARKET DATA

There was a decrease in total units sold in June, with 49 sold this month in Pittsboro and Siler City Area Real Estate versus 55 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 13% versus June 2024.

Versus last year, the total number of homes available this month is higher by 39 units or 27%. The total number of active inventory this June was 186 compared to 147 in June 2024. This month's total of 186 is lower than the previous month's total supply of available inventory of 203, a decrease of 8%.

Last June, the median sale price for Pittsboro and Siler City Area Homes was $550,000. This June, the median sale price was $588,186, an increase of 7% or $38,186 compared to last year. The current median sold price is 3% lower than in May.

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

In June, there was 3.8 months of supply available in Pittsboro and Siler City Area, compared to 2.6 in June 2024. That is an increase of 45% 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 57 homes newly listed for sale in Pittsboro and Siler City Area compared to 40 in June 2024, an increase of 43%. There were 51 current contracts pending sale this June compared to 42 a year ago. The number of current contracts is 21% higher than last June.

In June, the average sale price in Pittsboro and Siler City Area was 98.9% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 74, higher than the average last year, which was 55, an increase of 35%.





FOCUS ON: PITTSBORO AND SILER CITY AREA HOUSING MARKET			JUNE 2025

Zip Code(s): 27312 and 27344
Units Sold 49	Active Inventory 186	Median Sale Price $588,186	Days On Market 74

Down -13% Vs. Year Ago	Up 27% Vs. Year Ago	Up 7% Vs. Year Ago	Up 35% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 49 sold this month in Pittsboro and Siler City Area Real Estate versus 55 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 13% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 39 units or 27%. The total number of active inventory this June was 186 compared to 147 in June 2024. This month's total of 186 is lower than the previous month's total supply of available inventory of 203, a decrease of 8%.
		Median Sale Price Last June, the median sale price for Pittsboro and Siler City Area Homes was $550,000. This June, the median sale price was $588,186, an increase of 7% or $38,186 compared to last year. The current median sold price is 3% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 57	Current Contracts 51	Sold Vs. List Price 98.9%	Months of Supply 3.8

Up 43% Vs. Year Ago	Up 21% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 44% Vs. Year Ago


		Months of Supply In June, there was 3.8 months of supply available in Pittsboro and Siler City Area, compared to 2.6 in June 2024. That is an increase of 45% 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 57 homes newly listed for sale in Pittsboro and Siler City Area compared to 40 in June 2024, an increase of 43%. There were 51 current contracts pending sale this June compared to 42 a year ago. The number of current contracts is 21% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Pittsboro and Siler City Area was 98.9% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 74, higher than the average last year, which was 55, an increase of 35%.


	Pittsboro and Siler City Area are defined as properties listed in zip code/s 27312 and 27344.
	*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.