DURHAM AREA HOUSING MARKET DATA

There was an increase in total units sold in April, with 324 sold this month in Durham Area Real Estate versus 267 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 11% versus April 2024.

Versus last year, the total number of homes available this month is higher by 328 units or 60%. The total number of active inventory this April was 876 compared to 548 in April 2024. This month's total of 876 is higher than the previous month's total supply of available inventory of 797, an increase of 10%.

Last April, the median sale price for Durham Area Homes was $412,000. This April, the median sale price was $430,000, an increase of 4% or $18,000 compared to last year. The current median sold price is 2% lower than in March.

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

In April, there was 2.7 months of supply available in Durham Area, compared to 1.5 in April 2024. That is an increase of 80% 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 581 homes newly listed for sale in Durham Area compared to 434 in April 2024, an increase of 34%. There were 419 current contracts pending sale this April compared to 348 a year ago. The number of current contracts is 20% higher than last April.

In April, the average sale price in Durham Area was 100.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 31, lower than the average last year, which was 35, a decrease of 11%.





FOCUS ON: DURHAM AREA HOUSING MARKET			APRIL 2025

Zip Code(s): 27701, 27703, 27704, 27705, 27707, 27712 and 27713
Units Sold 324	Active Inventory 876	Median Sale Price $430,000	Days On Market 31

Down -11% Vs. Year Ago	Up 60% Vs. Year Ago	Up 4% Vs. Year Ago	Down -11% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 324 sold this month in Durham Area Real Estate versus 267 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 11% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 328 units or 60%. The total number of active inventory this April was 876 compared to 548 in April 2024. This month's total of 876 is higher than the previous month's total supply of available inventory of 797, an increase of 10%.
		Median Sale Price Last April, the median sale price for Durham Area Homes was $412,000. This April, the median sale price was $430,000, an increase of 4% or $18,000 compared to last year. The current median sold price is 2% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 581	Current Contracts 419	Sold Vs. List Price 100.0%	Months of Supply 2.7

Up 34% Vs. Year Ago	Up 20% Vs. Year Ago	No Change Vs. Year Ago	Up 80% Vs. Year Ago


		Months of Supply In April, there was 2.7 months of supply available in Durham Area, compared to 1.5 in April 2024. That is an increase of 80% 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 581 homes newly listed for sale in Durham Area compared to 434 in April 2024, an increase of 34%. There were 419 current contracts pending sale this April compared to 348 a year ago. The number of current contracts is 20% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Durham Area was 100.0% 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 31, lower than the average last year, which was 35, a decrease of 11%.


	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.