CARY AREA HOUSING MARKET DATA

There was an increase in total units sold in May, with 184 sold this month in Cary Area Real Estate versus 141 last month, an increase of 30%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024.

Versus last year, the total number of homes available this month is higher by 180 units or 81%. The total number of active inventory this May was 401 compared to 221 in May 2024. This month's total of 401 is higher than the previous month's total supply of available inventory of 335, an increase of 20%.

Last May, the median sale price for Cary Area Homes was $618,700. This May, the median sale price was $615,000, a decrease of 1% or $3,700 compared to last year. The current median sold price is 9% lower than in April.

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

In May, there was 2.2 months of supply available in Cary Area, compared to 1.1 in May 2024. That is an increase of 98% 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 318 homes newly listed for sale in Cary Area compared to 249 in May 2024, an increase of 28%. There were 191 current contracts pending sale this May compared to 180 a year ago. The number of current contracts is 6% higher than last May.

In May, the average sale price in Cary Area was 99.5% of the average list price, which is 2.0% lower than at this time last year.

This month, the average number of days on market was 25, higher than the average last year, which was 16, an increase of 56%.





FOCUS ON: CARY AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27519, 27513, 27511 and, 27518
Units Sold 184	Active Inventory 401	Median Sale Price $615,000	Days On Market 25

Down -8% Vs. Year Ago	Up 81% Vs. Year Ago	Down -1% Vs. Year Ago	Up 56% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 184 sold this month in Cary Area Real Estate versus 141 last month, an increase of 30%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 180 units or 81%. The total number of active inventory this May was 401 compared to 221 in May 2024. This month's total of 401 is higher than the previous month's total supply of available inventory of 335, an increase of 20%.
		Median Sale Price Last May, the median sale price for Cary Area Homes was $618,700. This May, the median sale price was $615,000, a decrease of 1% or $3,700 compared to last year. The current median sold price is 9% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 318	Current Contracts 191	Sold Vs. List Price 99.5%	Months of Supply 2.2

Up 28% Vs. Year Ago	Up 6% Vs. Year Ago	Down -2% Vs. Year Ago	Up 98% Vs. Year Ago


		Months of Supply In May, there was 2.2 months of supply available in Cary Area, compared to 1.1 in May 2024. That is an increase of 98% 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 318 homes newly listed for sale in Cary Area compared to 249 in May 2024, an increase of 28%. There were 191 current contracts pending sale this May compared to 180 a year ago. The number of current contracts is 6% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Cary Area was 99.5% of the average list price, which is 2.0% lower than at this time last year. Days on Market This month, the average number of days on market was 25, higher than the average last year, which was 16, an increase of 56%.


	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.