DURHAM AREA HOUSING MARKET DATA

There was a decrease in total units sold in July, with 347 sold this month in Durham Area Real Estate versus 371 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 1% versus July 2024.

Versus last year, the total number of homes available this month is higher by 385 units or 57%. The total number of active inventory this July was 1,061 compared to 676 in July 2024. This month's total of 1,061 is lower than the previous month's total supply of available inventory of 1,088, a decrease of 2%.

Last July, the median sale price for Durham Area Homes was $446,479. This July, the median sale price was $439,500, a decrease of 2% or $6,979 compared to last year. The current median sold price is 2% 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 3.1 months of supply available in Durham Area, compared to 1.9 in July 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 462 homes newly listed for sale in Durham Area compared to 377 in July 2024, an increase of 23%. There were 344 current contracts pending sale this July compared to 264 a year ago. The number of current contracts is 30% higher than last July.

In July, the average sale price in Durham Area was 99.2% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 47, higher than the average last year, which was 28, an increase of 68%.





FOCUS ON: DURHAM AREA HOUSING MARKET			JULY 2025

Zip Code(s): 27701, 27703, 27704, 27705, 27707, 27712 and 27713
Units Sold 347	Active Inventory 1,061	Median Sale Price $439,500	Days On Market 47

Down -1% Vs. Year Ago	Up 57% Vs. Year Ago	Down -2% Vs. Year Ago	Up 68% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 347 sold this month in Durham Area Real Estate versus 371 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 1% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 385 units or 57%. The total number of active inventory this July was 1,061 compared to 676 in July 2024. This month's total of 1,061 is lower than the previous month's total supply of available inventory of 1,088, a decrease of 2%.
		Median Sale Price Last July, the median sale price for Durham Area Homes was $446,479. This July, the median sale price was $439,500, a decrease of 2% or $6,979 compared to last year. The current median sold price is 2% 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 462	Current Contracts 344	Sold Vs. List Price 99.2%	Months of Supply 3.1

Up 23% Vs. Year Ago	Up 30% Vs. Year Ago	Down -0.5% Vs. Year Ago	Up 59% Vs. Year Ago


		Months of Supply In July, there was 3.1 months of supply available in Durham Area, compared to 1.9 in July 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 462 homes newly listed for sale in Durham Area compared to 377 in July 2024, an increase of 23%. There were 344 current contracts pending sale this July compared to 264 a year ago. The number of current contracts is 30% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Durham Area was 99.2% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 47, higher than the average last year, which was 28, an increase of 68%.


	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.