PITTSBORO AND SILER CITY AREA HOUSING MARKET DATA

There was an increase in total units sold in May, with 53 sold this month in Pittsboro and Siler City Area Real Estate versus 50 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 22% versus May 2024.

Versus last year, the total number of homes available this month is higher by 35 units or 22%. The total number of active inventory this May was 195 compared to 160 in May 2024. This month's total of 195 is higher than the previous month's total supply of available inventory of 167, an increase of 17%.

Last May, the median sale price for Pittsboro and Siler City Area Homes was $622,000. This May, the median sale price was $639,000, an increase of 3% or $17,000 compared to last year. The current median sold price is 1% higher than in April.

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

In May, there was 3.7 months of supply available in Pittsboro and Siler City Area, compared to 2.4 in May 2024. That is an increase of 56% 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 79 homes newly listed for sale in Pittsboro and Siler City Area compared to 84 in May 2024, a decrease of 6%. There were 43 current contracts pending sale this May compared to 72 a year ago. The number of current contracts is 40% lower than last May.

In May, the average sale price in Pittsboro and Siler City Area was 99.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 49, lower than the average last year, which was 58, a decrease of 16%.





FOCUS ON: PITTSBORO AND SILER CITY AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27312 and 27344
Units Sold 53	Active Inventory 195	Median Sale Price $639,000	Days On Market 49

Down -22% Vs. Year Ago	Up 22% Vs. Year Ago	Up 3% Vs. Year Ago	Down -16% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 53 sold this month in Pittsboro and Siler City Area Real Estate versus 50 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 22% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 35 units or 22%. The total number of active inventory this May was 195 compared to 160 in May 2024. This month's total of 195 is higher than the previous month's total supply of available inventory of 167, an increase of 17%.
		Median Sale Price Last May, the median sale price for Pittsboro and Siler City Area Homes was $622,000. This May, the median sale price was $639,000, an increase of 3% or $17,000 compared to last year. The current median sold price is 1% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 79	Current Contracts 43	Sold Vs. List Price 99.1%	Months of Supply 3.7

Down -6% Vs. Year Ago	Down -40% Vs. Year Ago	No Change Vs. Year Ago	Up 57% Vs. Year Ago


		Months of Supply In May, there was 3.7 months of supply available in Pittsboro and Siler City Area, compared to 2.4 in May 2024. That is an increase of 56% 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 79 homes newly listed for sale in Pittsboro and Siler City Area compared to 84 in May 2024, a decrease of 6%. There were 43 current contracts pending sale this May compared to 72 a year ago. The number of current contracts is 40% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Pittsboro and Siler City Area was 99.1% 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 49, lower than the average last year, which was 58, a decrease of 16%.


	Pittsboro and Siler City Area are defined as properties listed in zip code/s 27312 and 27344.
	*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.