RALEIGH AREA HOUSING MARKET DATA

There was an increase in total units sold in July, with 698 sold this month in Raleigh Area Real Estate versus 655 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 19% versus July 2024.

Versus last year, the total number of homes available this month is higher by 510 units or 36%. The total number of active inventory this July was 1942 compared to 1,432 in July 2024. This month's supply remained stable as compared to last month.

Last July, the median sale price for Raleigh Area Homes was $456,000. This July, the median sale price was $469,950, an increase of 3% or $13,950 compared to last year. The current median sold price is 1% higher 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 2.8 months of supply available in Raleigh Area, compared to 2.4 in July 2024. That is an increase of 14% 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 855 homes newly listed for sale in Raleigh Area compared to 773 in July 2024, an increase of 11%. There were 606 current contracts pending sale this July compared to 526 a year ago. The number of current contracts remained stable as compared to last July.

In July, the average sale price in Raleigh Area was 98.4% of the average list price, which is 0.6% 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 29, an increase of 28%.





FOCUS ON: RALEIGH AREA HOUSING MARKET			JULY 2025

Zip Code(s): 27601, 27603, 27604, 27605, 27606, 27607, 27608, 27609, 27610, 27612, 27613, 27614, 27615, 27616 and 27617
Units Sold 698	Active Inventory 1,942	Median Sale Price $469,950	Days On Market 37

Up 19% Vs. Year Ago	Up 36% Vs. Year Ago	Up 3% Vs. Year Ago	Up 28% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 698 sold this month in Raleigh Area Real Estate versus 655 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 19% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 510 units or 36%. The total number of active inventory this July was 1942 compared to 1,432 in July 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last July, the median sale price for Raleigh Area Homes was $456,000. This July, the median sale price was $469,950, an increase of 3% or $13,950 compared to last year. The current median sold price is 1% higher 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 855	Current Contracts 606	Sold Vs. List Price 98.4%	Months of Supply 2.8

Up 11% Vs. Year Ago	Up 15% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 14% Vs. Year Ago


		Months of Supply In July, there was 2.8 months of supply available in Raleigh Area, compared to 2.4 in July 2024. That is an increase of 14% 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 855 homes newly listed for sale in Raleigh Area compared to 773 in July 2024, an increase of 11%. There were 606 current contracts pending sale this July compared to 526 a year ago. The number of current contracts remained stable as compared to last July.
		Sale Price to List Price Ratio In July, the average sale price in Raleigh Area was 98.4% of the average list price, which is 0.6% 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 29, an increase of 28%.


	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.