DURHAM AREA HOUSING MARKET DATA

There was a decrease in total units sold in June, with 366 sold this month in Durham Area Real Estate versus 415 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 15% versus June 2024.

Versus last year, the total number of homes available this month is higher by 425 units or 67%. The total number of active inventory this June was 1,060 compared to 635 in June 2024. This month's total of 1,060 is higher than the previous month's total supply of available inventory of 1,016, an increase of 4%.

Last June, the median sale price for Durham Area Homes was $449,730. This June, the median sale price was approximately the same at $430,500. The current median sold price is 4% lower than in June 2024.

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

In June, there was 2.9 months of supply available in Durham Area, compared to 2.0 in June 2024. That is an increase of 45% 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 536 homes newly listed for sale in Durham Area compared to 403 in June 2024, an increase of 33%. There were 348 current contracts pending sale this June compared to 331 a year ago. The number of current contracts is 5% higher than last June.

In June, the average sale price in Durham Area was 98.9% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 26, an increase of 38%.





FOCUS ON: DURHAM AREA HOUSING MARKET			JUNE 2025

Zip Code(s): 27701, 27703, 27704, 27705, 27707, 27712 and 27713
Units Sold 366	Active Inventory 1,060	Median Sale Price $430,500	Days On Market 36

Up 15% Vs. Year Ago	Up 67% Vs. Year Ago	Down -4% Vs. Year Ago	Up 38% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 366 sold this month in Durham Area Real Estate versus 415 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 15% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 425 units or 67%. The total number of active inventory this June was 1,060 compared to 635 in June 2024. This month's total of 1,060 is higher than the previous month's total supply of available inventory of 1,016, an increase of 4%.
		Median Sale Price Last June, the median sale price for Durham Area Homes was $449,730. This June, the median sale price was approximately the same at $430,500. The current median sold price is 4% lower than in June 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 536	Current Contracts 348	Sold Vs. List Price 98.9%	Months of Supply 2.9

Up 33% Vs. Year Ago	Up 5% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 45% Vs. Year Ago


		Months of Supply In June, there was 2.9 months of supply available in Durham Area, compared to 2.0 in June 2024. That is an increase of 45% 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 536 homes newly listed for sale in Durham Area compared to 403 in June 2024, an increase of 33%. There were 348 current contracts pending sale this June compared to 331 a year ago. The number of current contracts is 5% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Durham Area was 98.9% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 26, an increase of 38%.


	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.