RALEIGH AREA HOUSING MARKET DATA

There was an increase in total units sold in June, with 651 sold this month in Raleigh Area Real Estate versus 606 last month, an increase of 7%. This month's total units sold was lower than at this time last year, a decrease of 3% versus June 2024.

Versus last year, the total number of homes available this month is higher by 571 units or 43%. The total number of active inventory this June was 1896 compared to 1,325 in June 2024. This month's supply remained stable as compared to last month.

Last June, the median sale price for Raleigh Area Homes was $464,950. This June, the median sale price was $462,990, which is similar compared to a year ago. The current median sold price is 1% lower than in May.

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

In June, there was 2.9 months of supply available in Raleigh Area, compared to 2.0 in June 2024. That is an increase of 48% 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 883 homes newly listed for sale in Raleigh Area compared to 805 in June 2024, an increase of 10%. There were 639 current contracts pending sale this June compared to 591 a year ago. The number of current contracts is 8% higher than last June.

In June, the average sale price in Raleigh Area was 98.8% 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 38, higher than the average last year, which was 29, an increase of 31%.





FOCUS ON: RALEIGH AREA HOUSING MARKET			JUNE 2025

Zip Code(s): 27601, 27603, 27604, 27605, 27606, 27607, 27608, 27609, 27610, 27612, 27613, 27614, 27615, 27616 and 27617
Units Sold 651	Active Inventory 1,896	Median Sale Price $462,990	Days On Market 38

Down -3% Vs. Year Ago	Up 43% Vs. Year Ago	No Change Vs. Year Ago	Up 31% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 651 sold this month in Raleigh Area Real Estate versus 606 last month, an increase of 7%. This month's total units sold was lower than at this time last year, a decrease of 3% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 571 units or 43%. The total number of active inventory this June was 1896 compared to 1,325 in June 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last June, the median sale price for Raleigh Area Homes was $464,950. This June, the median sale price was $462,990, which is similar compared to a year ago. The current median sold price is 1% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 883	Current Contracts 639	Sold Vs. List Price 98.8%	Months of Supply 2.9

Up 10% Vs. Year Ago	Up 8% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 48% Vs. Year Ago


		Months of Supply In June, there was 2.9 months of supply available in Raleigh Area, compared to 2.0 in June 2024. That is an increase of 48% 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 883 homes newly listed for sale in Raleigh Area compared to 805 in June 2024, an increase of 10%. There were 639 current contracts pending sale this June compared to 591 a year ago. The number of current contracts is 8% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Raleigh Area was 98.8% 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 38, higher than the average last year, which was 29, an increase of 31%.


	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.