CARY AREA HOUSING MARKET DATA

There was an increase in total units sold in June, with 203 sold this month in Cary Area Real Estate versus 184 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 18% versus June 2024.

Versus last year, the total number of homes available this month is higher by 148 units or 56%. The total number of active inventory this June was 413 compared to 265 in June 2024. This month's total of 413 is lower than the previous month's total supply of available inventory of 416, a decrease of 1%.

Last June, the median sale price for Cary Area Homes was $654,000. This June, the median sale price was $637,000, a decrease of 3% or $17,000 compared to last year. The current median sold price is 4% higher 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 2.0 months of supply available in Cary Area, compared to 1.5 in June 2024. That is an increase of 32% 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 241 homes newly listed for sale in Cary Area compared to 219 in June 2024, an increase of 10%. There were 184 current contracts pending sale this June compared to 142 a year ago. The number of current contracts is 30% higher than last June.

In June, the average sale price in Cary Area was 99.2% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 27, higher than the average last year, which was 15, an increase of 80%.





FOCUS ON: CARY AREA HOUSING MARKET			JUNE 2025

Zip Code(s): 27519, 27513, 27511 and, 27518
Units Sold 203	Active Inventory 413	Median Sale Price $637,000	Days On Market 27

Up 18% Vs. Year Ago	Up 56% Vs. Year Ago	Down -3% Vs. Year Ago	Up 80% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 203 sold this month in Cary Area Real Estate versus 184 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 18% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 148 units or 56%. The total number of active inventory this June was 413 compared to 265 in June 2024. This month's total of 413 is lower than the previous month's total supply of available inventory of 416, a decrease of 1%.
		Median Sale Price Last June, the median sale price for Cary Area Homes was $654,000. This June, the median sale price was $637,000, a decrease of 3% or $17,000 compared to last year. The current median sold price is 4% higher 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 241	Current Contracts 184	Sold Vs. List Price 99.2%	Months of Supply 2.0

Up 10% Vs. Year Ago	Up 30% Vs. Year Ago	Down -2% Vs. Year Ago	Up 32% Vs. Year Ago


		Months of Supply In June, there was 2.0 months of supply available in Cary Area, compared to 1.5 in June 2024. That is an increase of 32% 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 241 homes newly listed for sale in Cary Area compared to 219 in June 2024, an increase of 10%. There were 184 current contracts pending sale this June compared to 142 a year ago. The number of current contracts is 30% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Cary Area was 99.2% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 15, an increase of 80%.


	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.