RALEIGH AREA HOUSING MARKET DATA

There was a decrease in total units sold in September, with 519 sold this month in Raleigh Area Real Estate versus 572 last month, a decrease of 9%. This month's total units sold was higher than at this time last year, an increase of 6% versus September 2024.

Versus last year, the total number of homes available this month is higher by 461 units or 31%. The total number of active inventory this September was 1953 compared to 1,492 in September 2024. This month's supply remained stable as compared to last month.

Last September, the median sale price for Raleigh Area Homes was $444,145. This September, the median sale price was $445,000, which is similar compared to a year ago. The current median sold price is 6% higher than in August.

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

In September, there was 3.8 months of supply available in Raleigh Area, compared to 3.1 in September 2024. That is an increase of 23% 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 777 homes newly listed for sale in Raleigh Area compared to 735 in September 2024, an increase of 6%. There were 591 current contracts pending sale this September compared to 540 a year ago. The number of current contracts is 9% higher than last September.

In September, the average sale price in Raleigh Area was 98.0% 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 53, higher than the average last year, which was 34, an increase of 56%.





FOCUS ON: RALEIGH AREA HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 27601, 27603, 27604, 27605, 27606, 27607, 27608, 27609, 27610, 27612, 27613, 27614, 27615, 27616 and 27617
Units Sold 519	Active Inventory 1,953	Median Sale Price $445,000	Days On Market 53

Up 6% Vs. Year Ago	Up 31% Vs. Year Ago	No Change Vs. Year Ago	Up 56% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 519 sold this month in Raleigh Area Real Estate versus 572 last month, a decrease of 9%. This month's total units sold was higher than at this time last year, an increase of 6% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 461 units or 31%. The total number of active inventory this September was 1953 compared to 1,492 in September 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last September, the median sale price for Raleigh Area Homes was $444,145. This September, the median sale price was $445,000, which is similar compared to a year ago. The current median sold price is 6% higher than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 777	Current Contracts 591	Sold Vs. List Price 98.0%	Months of Supply 3.8

Up 6% Vs. Year Ago	Up 9% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 23% Vs. Year Ago


		Months of Supply In September, there was 3.8 months of supply available in Raleigh Area, compared to 3.1 in September 2024. That is an increase of 23% 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 777 homes newly listed for sale in Raleigh Area compared to 735 in September 2024, an increase of 6%. There were 591 current contracts pending sale this September compared to 540 a year ago. The number of current contracts is 9% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in Raleigh Area was 98.0% 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 53, higher than the average last year, which was 34, an increase of 56%.


	Raleigh Area are defined as properties listed in zip code/s 27601, 27603, 27604, 27605, 27606, 27607, 27608, 27609, 27610, 27612, 27613, 27614, 27615, 27616 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.