RALEIGH/ INSIDE THE BELTLINE AREA HOUSING MARKET DATA

There was an increase in total units sold in July, with 232 sold this month in Raleigh/ Inside the Beltline Area Real Estate versus 213 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 33% versus July 2024.

Versus last year, the total number of homes available this month is higher by 206 units or 43%. The total number of active inventory this July was 685 compared to 479 in July 2024. This month's total of 685 is lower than the previous month's total supply of available inventory of 699, a decrease of 2%.

Last July, the median sale price for Raleigh/ Inside the Beltline Area Homes was $497,780. This July, the median sale price was $508,275, an increase of 2% or $10,495 compared to last year. The current median sold price is 9% 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 3.0 months of supply available in Raleigh/ Inside the Beltline Area, compared to 2.7 in July 2024. That is an increase of 8% 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 259 homes newly listed for sale in Raleigh/ Inside the Beltline Area compared to 225 in July 2024, an increase of 15%. There were 200 current contracts pending sale this July compared to 150 a year ago. The number of current contracts is 33% higher than last July.

In July, the average sale price in Raleigh/ Inside the Beltline Area was 98.4% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 42, higher than the average last year, which was 34, an increase of 24%.





FOCUS ON: RALEIGH/ INSIDE THE BELTLINE AREA HOUSING MARKET			JULY 2025

Zip Code(s): 27601, 27603, 27605, 27606, 27608 and 27612
Units Sold 232	Active Inventory 685	Median Sale Price $508,275	Days On Market 42

Up 33% Vs. Year Ago	Up 43% Vs. Year Ago	Up 2% Vs. Year Ago	Up 24% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 232 sold this month in Raleigh/ Inside the Beltline Area Real Estate versus 213 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 33% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 206 units or 43%. The total number of active inventory this July was 685 compared to 479 in July 2024. This month's total of 685 is lower than the previous month's total supply of available inventory of 699, a decrease of 2%.
		Median Sale Price Last July, the median sale price for Raleigh/ Inside the Beltline Area Homes was $497,780. This July, the median sale price was $508,275, an increase of 2% or $10,495 compared to last year. The current median sold price is 9% 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 259	Current Contracts 200	Sold Vs. List Price 98.4%	Months of Supply 3.0

Up 15% Vs. Year Ago	Up 33% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 8% Vs. Year Ago


		Months of Supply In July, there was 3.0 months of supply available in Raleigh/ Inside the Beltline Area, compared to 2.7 in July 2024. That is an increase of 8% 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 259 homes newly listed for sale in Raleigh/ Inside the Beltline Area compared to 225 in July 2024, an increase of 15%. There were 200 current contracts pending sale this July compared to 150 a year ago. The number of current contracts is 33% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Raleigh/ Inside the Beltline Area was 98.4% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 42, higher than the average last year, which was 34, an increase of 24%.


	Raleigh/ Inside the Beltline Area are defined as properties listed in zip code/s 27601, 27603, 27605, 27606, 27608 and 27612.
	*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.