 |
|||
 |
|||
| | |||
| JULY 2025 | |||
| | |||
| Units Sold 102 |
Active Inventory 360 |
Median Sale Price $692,500 |
Days On Market 39 |
|
|
|
|
|
| Down -7% Vs. Year Ago |
Up 35% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 11% Vs. Year Ago |
| | |||
Units Sold
The number of units sold remained stable in July, with 102 sold this month in Chatham County Real Estate. This month's total units sold was lower than at this time last year, a decrease of 21% versus July 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 93 units or 35%. The total number of active inventory this July was 360 compared to 267 in July 2024. This month's total of 360 is lower than the previous month's total supply of available inventory of 383, a decrease of 6%. |
|||
Median Sale Price
Last July, the median sale price for Chatham County Homes was $659,580. This July, the median sale price was $692,500, an increase of 5% or $32,920 compared to last year. The current median sold price is 3% 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 119 |
Current Contracts 84 |
Sold Vs. List Price 98.8% |
Months of Supply 3.5 |
|
|
|
|
|
| Up 21% Vs. Year Ago |
Up 27% Vs. Year Ago |
No Change Vs. Year Ago |
Up 45% Vs. Year Ago |
| | |||
Months of Supply
In July, there was 3.5 months of supply available in Chatham County, compared to 2.4 in July 2024. That is an increase of 45% 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 119 homes newly listed for sale in Chatham County compared to 98 in July 2024, an increase of 21%. There were 84 current contracts pending sale this July compared to 66 a year ago. The number of current contracts is 27% higher than last July. |
|||
Sale Price to List Price Ratio
In July, the average sale price in Chatham County was 98.8% 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 39, higher than the average last year, which was 35, an increase of 11%. | |||
 |
Chatham County are defined as properties listed in zip code/s . | ||
| *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. |
|||