CARY AREA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 161 sold this month in Cary Area Real Estate versus 167 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 10% versus August 2024.

Versus last year, the total number of homes available this month is higher by 145 units or 54%. The total number of active inventory this August was 415 compared to 270 in August 2024. This month's total of 415 is lower than the previous month's total supply of available inventory of 459, a decrease of 10%.

Last August, the median sale price for Cary Area Homes was $674,150. This August, the median sale price was $588,000, a decrease of 13% or $86,150 compared to last year. The current median sold price is 15% lower than in July.

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

In August, there was 2.6 months of supply available in Cary Area, compared to 1.8 in August 2024. That is an increase of 40% 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 172 homes newly listed for sale in Cary Area compared to 174 in August 2024, a decrease of 1%. There were 159 current contracts pending sale this August compared to 127 a year ago. The number of current contracts is 25% higher than last August.

In August, the average sale price in Cary Area was 98.3% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 38, higher than the average last year, which was 18, an increase of 111%.





FOCUS ON: CARY AREA HOUSING MARKET			AUGUST 2025

Zip Code(s): 27519, 27513, 27511 and, 27518
Units Sold 161	Active Inventory 415	Median Sale Price $588,000	Days On Market 38

Up 10% Vs. Year Ago	Up 54% Vs. Year Ago	Down -13% Vs. Year Ago	Up 111% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 161 sold this month in Cary Area Real Estate versus 167 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 10% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 145 units or 54%. The total number of active inventory this August was 415 compared to 270 in August 2024. This month's total of 415 is lower than the previous month's total supply of available inventory of 459, a decrease of 10%.
		Median Sale Price Last August, the median sale price for Cary Area Homes was $674,150. This August, the median sale price was $588,000, a decrease of 13% or $86,150 compared to last year. The current median sold price is 15% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 172	Current Contracts 159	Sold Vs. List Price 98.3%	Months of Supply 2.6

Down -1% Vs. Year Ago	Up 25% Vs. Year Ago	Down -1.3% Vs. Year Ago	Up 40% Vs. Year Ago


		Months of Supply In August, there was 2.6 months of supply available in Cary Area, compared to 1.8 in August 2024. That is an increase of 40% 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 172 homes newly listed for sale in Cary Area compared to 174 in August 2024, a decrease of 1%. There were 159 current contracts pending sale this August compared to 127 a year ago. The number of current contracts is 25% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Cary Area was 98.3% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 38, higher than the average last year, which was 18, an increase of 111%.


	Cary Area are defined as properties listed in zip code/s 27519, 27513, 27511 and, 27518.
	*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.