CARY AREA HOUSING MARKET DATA

There was an increase in total units sold in April, with 140 sold this month in Cary Area Real Estate versus 132 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 18% versus April 2024.

Versus last year, the total number of homes available this month is higher by 129 units or 72%. The total number of active inventory this April was 307 compared to 178 in April 2024. This month's total of 307 is higher than the previous month's total supply of available inventory of 265, an increase of 16%.

Last April, the median sale price for Cary Area Homes was $655,000. This April, the median sale price was $675,000, an increase of 3% or $20,000 compared to last year. The current median sold price is 8% higher than in March.

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

In April, there was 2.2 months of supply available in Cary Area, compared to 1.0 in April 2024. That is an increase of 109% 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 271 homes newly listed for sale in Cary Area compared to 211 in April 2024, an increase of 28%. There were 193 current contracts pending sale this April compared to 192 a year ago. The number of current contracts is 1% higher than last April.

In April, the average sale price in Cary Area was 100.4% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 13, an increase of 146%.





FOCUS ON: CARY AREA HOUSING MARKET			APRIL 2025

Zip Code(s): 27519, 27513, 27511 and, 27518
Units Sold 140	Active Inventory 307	Median Sale Price $675,000	Days On Market 32

Down -18% Vs. Year Ago	Up 72% Vs. Year Ago	Up 3% Vs. Year Ago	Up 146% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 140 sold this month in Cary Area Real Estate versus 132 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 18% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 129 units or 72%. The total number of active inventory this April was 307 compared to 178 in April 2024. This month's total of 307 is higher than the previous month's total supply of available inventory of 265, an increase of 16%.
		Median Sale Price Last April, the median sale price for Cary Area Homes was $655,000. This April, the median sale price was $675,000, an increase of 3% or $20,000 compared to last year. The current median sold price is 8% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 271	Current Contracts 193	Sold Vs. List Price 100.4%	Months of Supply 2.2

Up 28% Vs. Year Ago	Up 1% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 109% Vs. Year Ago


		Months of Supply In April, there was 2.2 months of supply available in Cary Area, compared to 1.0 in April 2024. That is an increase of 109% 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 271 homes newly listed for sale in Cary Area compared to 211 in April 2024, an increase of 28%. There were 193 current contracts pending sale this April compared to 192 a year ago. The number of current contracts is 1% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Cary Area was 100.4% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 13, an increase of 146%.


	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.