DURHAM AREA HOUSING MARKET DATA

There was a decrease in total units sold in September, with 296 sold this month in Durham Area Real Estate versus 317 last month, a decrease of 7%. This month's total units sold was higher than at this time last year, an increase of 2% versus September 2024.

Versus last year, the total number of homes available this month is higher by 424 units or 62%. The total number of active inventory this September was 1,109 compared to 685 in September 2024. This month's total of 1,109 is higher than the previous month's total supply of available inventory of 1,082, an increase of 2%.

Last September, the median sale price for Durham Area Homes was $435,000. This September, the median sale price was $439,750, an increase of 1% or $4,750 compared to last year. The current median sold price is 7% higher than in August.

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

In September, there was 3.7 months of supply available in Durham Area, compared to 2.4 in September 2024. That is an increase of 59% 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 480 homes newly listed for sale in Durham Area compared to 364 in September 2024, an increase of 32%. There were 285 current contracts pending sale this September, consistent with the volume a year ago. The number of current contracts is 10% lower than last month.

In September, the average sale price in Durham Area was 98.1% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 81, higher than the average last year, which was 33, an increase of 145%.





FOCUS ON: DURHAM AREA HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 27701, 27703, 27704, 27705, 27707, 27712 and 27713
Units Sold 296	Active Inventory 1,109	Median Sale Price $439,750	Days On Market 81

Up 2% Vs. Year Ago	Up 62% Vs. Year Ago	Up 1% Vs. Year Ago	Up 145% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 296 sold this month in Durham Area Real Estate versus 317 last month, a decrease of 7%. This month's total units sold was higher than at this time last year, an increase of 2% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 424 units or 62%. The total number of active inventory this September was 1,109 compared to 685 in September 2024. This month's total of 1,109 is higher than the previous month's total supply of available inventory of 1,082, an increase of 2%.
		Median Sale Price Last September, the median sale price for Durham Area Homes was $435,000. This September, the median sale price was $439,750, an increase of 1% or $4,750 compared to last year. The current median sold price is 7% higher than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 480	Current Contracts 285	Sold Vs. List Price 98.1%	Months of Supply 3.7

Up 32% Vs. Year Ago	No Change Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 60% Vs. Year Ago


		Months of Supply In September, there was 3.7 months of supply available in Durham Area, compared to 2.4 in September 2024. That is an increase of 59% 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 480 homes newly listed for sale in Durham Area compared to 364 in September 2024, an increase of 32%. There were 285 current contracts pending sale this September, consistent with the volume a year ago. The number of current contracts is 10% lower than last month.
		Sale Price to List Price Ratio In September, the average sale price in Durham Area was 98.1% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 81, higher than the average last year, which was 33, an increase of 145%.


	Durham Area are defined as properties listed in zip code/s 27701, 27703, 27704, 27705, 27707, 27712 and 27713.
	*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.