DURHAM AREA HOUSING MARKET DATA

There was an increase in total units sold in May, with 410 sold this month in Durham Area Real Estate versus 326 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 8% versus May 2024.

Versus last year, the total number of homes available this month is higher by 354 units or 55%. The total number of active inventory this May was 997 compared to 643 in May 2024. This month's total of 997 is higher than the previous month's total supply of available inventory of 915, an increase of 9%.

Last May, the median sale price for Durham Area Homes was $429,330. This May, the median sale price was approximately the same at $430,000. The current median sold price is also similar to the median price in April.

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

In May, there was 2.4 months of supply available in Durham Area, compared to 1.7 in May 2024. That is an increase of 44% 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 572 homes newly listed for sale in Durham Area compared to 527 in May 2024, an increase of 9%. There were 388 current contracts pending sale this May compared to 380 a year ago. The number of current contracts is 2% higher than last May.

In May, the average sale price in Durham Area was 99.6% 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 35, higher than the average last year, which was 26, an increase of 35%.





FOCUS ON: DURHAM AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27701, 27703, 27704, 27705, 27707, 27712 and 27713
Units Sold 410	Active Inventory 997	Median Sale Price $430,000	Days On Market 35

Up 8% Vs. Year Ago	Up 55% Vs. Year Ago	No Change Vs. Year Ago	Up 35% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 410 sold this month in Durham Area Real Estate versus 326 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 8% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 354 units or 55%. The total number of active inventory this May was 997 compared to 643 in May 2024. This month's total of 997 is higher than the previous month's total supply of available inventory of 915, an increase of 9%.
		Median Sale Price Last May, the median sale price for Durham Area Homes was $429,330. This May, the median sale price was approximately the same at $430,000. The current median sold price is also similar to the median price in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 572	Current Contracts 388	Sold Vs. List Price 99.6%	Months of Supply 2.4

Up 9% Vs. Year Ago	Up 2% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 44% Vs. Year Ago


		Months of Supply In May, there was 2.4 months of supply available in Durham Area, compared to 1.7 in May 2024. That is an increase of 44% 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 572 homes newly listed for sale in Durham Area compared to 527 in May 2024, an increase of 9%. There were 388 current contracts pending sale this May compared to 380 a year ago. The number of current contracts is 2% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Durham Area was 99.6% 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 35, higher than the average last year, which was 26, an increase of 35%.


	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.