CARY AREA HOUSING MARKET DATA

There was a decrease in total units sold in July, with 163 sold this month in Cary Area Real Estate versus 204 last month, a decrease of 20%. This month's total units sold was higher than at this time last year, an increase of 14% versus July 2024.

Versus last year, the total number of homes available this month is higher by 186 units or 71%. The total number of active inventory this July was 447 compared to 261 in July 2024. This month's total of 447 is higher than the previous month's total supply of available inventory of 432, an increase of 3%.

Last July, the median sale price for Cary Area Homes was $580,000. This July, the median sale price was $705,000, an increase of 22% or $125,000 compared to last year. The current median sold price is 11% 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 2.7 months of supply available in Cary Area, compared to 1.8 in July 2024. That is an increase of 50% 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 237 homes newly listed for sale in Cary Area compared to 161 in July 2024, an increase of 47%. There were 161 current contracts pending sale this July compared to 134 a year ago. The number of current contracts is 20% higher than last July.

In July, the average sale price in Cary Area was 99.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 31, higher than the average last year, which was 19, an increase of 63%.





FOCUS ON: CARY AREA HOUSING MARKET			JULY 2025

Zip Code(s): 27519, 27513, 27511 and, 27518
Units Sold 163	Active Inventory 447	Median Sale Price $705,000	Days On Market 31

Up 14% Vs. Year Ago	Up 71% Vs. Year Ago	Up 22% Vs. Year Ago	Up 63% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 163 sold this month in Cary Area Real Estate versus 204 last month, a decrease of 20%. This month's total units sold was higher than at this time last year, an increase of 14% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 186 units or 71%. The total number of active inventory this July was 447 compared to 261 in July 2024. This month's total of 447 is higher than the previous month's total supply of available inventory of 432, an increase of 3%.
		Median Sale Price Last July, the median sale price for Cary Area Homes was $580,000. This July, the median sale price was $705,000, an increase of 22% or $125,000 compared to last year. The current median sold price is 11% 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 237	Current Contracts 161	Sold Vs. List Price 99.3%	Months of Supply 2.7

Up 47% Vs. Year Ago	Up 20% Vs. Year Ago	No Change Vs. Year Ago	Up 50% Vs. Year Ago


		Months of Supply In July, there was 2.7 months of supply available in Cary Area, compared to 1.8 in July 2024. That is an increase of 50% 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 237 homes newly listed for sale in Cary Area compared to 161 in July 2024, an increase of 47%. There were 161 current contracts pending sale this July compared to 134 a year ago. The number of current contracts is 20% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Cary Area was 99.3% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 31, higher than the average last year, which was 19, an increase of 63%.


	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.