NORTHWEST RALEIGH AREA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 73 sold this month in Northwest Raleigh Area Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 63 units or 42%. The total number of active inventory this August was 214 compared to 151 in August 2024. This month's total of 214 is higher than the previous month's total supply of available inventory of 212, an increase of 1%.

Last August, the median sale price for Northwest Raleigh Area Homes was $582,500. This August, the median sale price was $525,000, a decrease of 10% or $57,500 compared to last year. The current median sold price is 8% 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 2.9 months of supply available in Northwest Raleigh Area, compared to 3.4 in August 2024. That is a decrease of 15% 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 90 homes newly listed for sale in Northwest Raleigh Area compared to 73 in August 2024, an increase of 23%. There were 57 current contracts pending sale this August compared to 39 a year ago. The number of current contracts is 46% higher than last August.

In August, the average sale price in Northwest Raleigh Area was 98.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 45, higher than the average last year, which was 30, an increase of 50%.





FOCUS ON: NORTHWEST RALEIGH AREA HOUSING MARKET			AUGUST 2025

Zip Code(s): 27612, 27613 and 27617
Units Sold 73	Active Inventory 214	Median Sale Price $525,000	Days On Market 45

Up Vs. Year Ago	Up 42% Vs. Year Ago	Down -10% Vs. Year Ago	Up 50% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 73 sold this month in Northwest Raleigh Area Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 63 units or 42%. The total number of active inventory this August was 214 compared to 151 in August 2024. This month's total of 214 is higher than the previous month's total supply of available inventory of 212, an increase of 1%.
		Median Sale Price Last August, the median sale price for Northwest Raleigh Area Homes was $582,500. This August, the median sale price was $525,000, a decrease of 10% or $57,500 compared to last year. The current median sold price is 8% 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 90	Current Contracts 57	Sold Vs. List Price 98.0%	Months of Supply 2.9

Up 23% Vs. Year Ago	Up 46% Vs. Year Ago	No Change Vs. Year Ago	Down -15% Vs. Year Ago


		Months of Supply In August, there was 2.9 months of supply available in Northwest Raleigh Area, compared to 3.4 in August 2024. That is a decrease of 15% 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 90 homes newly listed for sale in Northwest Raleigh Area compared to 73 in August 2024, an increase of 23%. There were 57 current contracts pending sale this August compared to 39 a year ago. The number of current contracts is 46% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Northwest Raleigh Area was 98.0% 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 45, higher than the average last year, which was 30, an increase of 50%.


	Northwest Raleigh Area are defined as properties listed in zip code/s 27612, 27613 and 27617.
	*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.