DURHAM AREA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 314 sold this month in Durham Area Real Estate versus 356 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 3% versus August 2024.

Versus last year, the total number of homes available this month is higher by 330 units or 45%. The total number of active inventory this August was 1,060 compared to 730 in August 2024. This month's total of 1,060 is lower than the previous month's total supply of available inventory of 1,078, a decrease of 2%.

Last August, the median sale price for Durham Area Homes was $432,195. This August, the median sale price was $410,000, a decrease of 5% or $22,195 compared to last year. The current median sold price is 7% lower than in July.

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

In August, there was 3.4 months of supply available in Durham Area, compared to 2.4 in August 2024. That is an increase of 41% 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 453 homes newly listed for sale in Durham Area compared to 398 in August 2024, an increase of 14%. There were 323 current contracts pending sale this August compared to 278 a year ago. The number of current contracts is 16% higher than last August.

In August, the average sale price in Durham Area was 98.5% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 57, higher than the average last year, which was 29, an increase of 97%.





FOCUS ON: DURHAM AREA HOUSING MARKET			AUGUST 2025

Zip Code(s): 27701, 27703, 27704, 27705, 27707, 27712 and 27713
Units Sold 314	Active Inventory 1,060	Median Sale Price $410,000	Days On Market 57

Up 3% Vs. Year Ago	Up 45% Vs. Year Ago	Down -5% Vs. Year Ago	Up 97% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 314 sold this month in Durham Area Real Estate versus 356 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 3% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 330 units or 45%. The total number of active inventory this August was 1,060 compared to 730 in August 2024. This month's total of 1,060 is lower than the previous month's total supply of available inventory of 1,078, a decrease of 2%.
		Median Sale Price Last August, the median sale price for Durham Area Homes was $432,195. This August, the median sale price was $410,000, a decrease of 5% or $22,195 compared to last year. The current median sold price is 7% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 453	Current Contracts 323	Sold Vs. List Price 98.5%	Months of Supply 3.4

Up 14% Vs. Year Ago	Up 16% Vs. Year Ago	Down -1.6% Vs. Year Ago	Up 41% Vs. Year Ago


		Months of Supply In August, there was 3.4 months of supply available in Durham Area, compared to 2.4 in August 2024. That is an increase of 41% 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 453 homes newly listed for sale in Durham Area compared to 398 in August 2024, an increase of 14%. There were 323 current contracts pending sale this August compared to 278 a year ago. The number of current contracts is 16% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Durham Area was 98.5% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 57, higher than the average last year, which was 29, an increase of 97%.


	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.