RALEIGH/ INSIDE THE BELTLINE AREA HOUSING MARKET DATA

There was a decrease in total units sold in May, with 171 sold this month in Raleigh/ Inside the Beltline Area Real Estate versus 204 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 16% versus May 2024.

Versus last year, the total number of homes available this month is higher by 232 units or 56%. The total number of active inventory this May was 643 compared to 411 in May 2024. This month's total of 643 is higher than the previous month's total supply of available inventory of 584, an increase of 10%.

Last May, the median sale price for Raleigh/ Inside the Beltline Area Homes was $472,000. This May, the median sale price was $555,000, an increase of 18% or $83,000 compared to last year. The current median sold price is 6% 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 3.8 months of supply available in Raleigh/ Inside the Beltline Area, compared to 2.0 in May 2024. That is an increase of 87% 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 324 homes newly listed for sale in Raleigh/ Inside the Beltline Area compared to 278 in May 2024, an increase of 17%. There were 216 current contracts pending sale this May compared to 192 a year ago. The number of current contracts is 13% higher than last May.

In May, the average sale price in Raleigh/ Inside the Beltline Area was 98.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 43, higher than the average last year, which was 42, an increase of 2%.





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

Zip Code(s): 27601, 27603, 27605, 27606, 27608 and 27612
Units Sold 171	Active Inventory 643	Median Sale Price $555,000	Days On Market 43

Down -16% Vs. Year Ago	Up 56% Vs. Year Ago	Up 18% Vs. Year Ago	Up 2% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 171 sold this month in Raleigh/ Inside the Beltline Area Real Estate versus 204 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 16% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 232 units or 56%. The total number of active inventory this May was 643 compared to 411 in May 2024. This month's total of 643 is higher than the previous month's total supply of available inventory of 584, an increase of 10%.
		Median Sale Price Last May, the median sale price for Raleigh/ Inside the Beltline Area Homes was $472,000. This May, the median sale price was $555,000, an increase of 18% or $83,000 compared to last year. The current median sold price is 6% 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 324	Current Contracts 216	Sold Vs. List Price 98.9%	Months of Supply 3.8

Up 17% Vs. Year Ago	Up 13% Vs. Year Ago	No Change Vs. Year Ago	Up 87% Vs. Year Ago


		Months of Supply In May, there was 3.8 months of supply available in Raleigh/ Inside the Beltline Area, compared to 2.0 in May 2024. That is an increase of 87% 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 324 homes newly listed for sale in Raleigh/ Inside the Beltline Area compared to 278 in May 2024, an increase of 17%. There were 216 current contracts pending sale this May compared to 192 a year ago. The number of current contracts is 13% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Raleigh/ Inside the Beltline Area was 98.9% 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 43, higher than the average last year, which was 42, an increase of 2%.


	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.