NORTHWEST RALEIGH AREA HOUSING MARKET DATA

There was an increase in total units sold in July, with 79 sold this month in Northwest Raleigh Area Real Estate versus 73 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 30% versus July 2024.

Versus last year, the total number of homes available this month is higher by 78 units or 60%. The total number of active inventory this July was 208 compared to 130 in July 2024. This month's total of 208 is lower than the previous month's total supply of available inventory of 227, a decrease of 8%.

Last July, the median sale price for Northwest Raleigh Area Homes was $499,990. This July, the median sale price was $590,990, an increase of 18% or $91,000 compared to last year. The current median sold price is 2% lower than in June.

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

In July, there was 2.6 months of supply available in Northwest Raleigh Area, compared to 2.1 in July 2024. That is an increase of 24% 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 85 homes newly listed for sale in Northwest Raleigh Area compared to 68 in July 2024, an increase of 25%. There were 76 current contracts pending sale this July compared to 50 a year ago. The number of current contracts is 52% higher than last July.

In July, the average sale price in Northwest Raleigh Area was 98.3% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 37, higher than the average last year, which was 20, an increase of 85%.





FOCUS ON: NORTHWEST RALEIGH AREA HOUSING MARKET			JULY 2025

Zip Code(s): 27612, 27613 and 27617
Units Sold 79	Active Inventory 208	Median Sale Price $590,990	Days On Market 37

Up 30% Vs. Year Ago	Up 60% Vs. Year Ago	Up 18% Vs. Year Ago	Up 85% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 79 sold this month in Northwest Raleigh Area Real Estate versus 73 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 30% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 78 units or 60%. The total number of active inventory this July was 208 compared to 130 in July 2024. This month's total of 208 is lower than the previous month's total supply of available inventory of 227, a decrease of 8%.
		Median Sale Price Last July, the median sale price for Northwest Raleigh Area Homes was $499,990. This July, the median sale price was $590,990, an increase of 18% or $91,000 compared to last year. The current median sold price is 2% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 85	Current Contracts 76	Sold Vs. List Price 98.3%	Months of Supply 2.6

Up 25% Vs. Year Ago	Up 52% Vs. Year Ago	Down -2.1% Vs. Year Ago	Up 23% Vs. Year Ago


		Months of Supply In July, there was 2.6 months of supply available in Northwest Raleigh Area, compared to 2.1 in July 2024. That is an increase of 24% 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 85 homes newly listed for sale in Northwest Raleigh Area compared to 68 in July 2024, an increase of 25%. There were 76 current contracts pending sale this July compared to 50 a year ago. The number of current contracts is 52% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Northwest Raleigh Area was 98.3% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 37, higher than the average last year, which was 20, an increase of 85%.


	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.