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| JULY 2025 | |||
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| Units Sold 3,109 |
Active Inventory 9,644 |
Median Sale Price $439,900 |
Days On Market 45 |
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| Up 10% Vs. Year Ago |
Up 41% Vs. Year Ago |
Up 1% Vs. Year Ago |
Up 25% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 3,109 sold this month in The Triangle Real Estate versus 3,171 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 10% versus July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 2,798 units or 41%. The total number of active inventory this July was 9,644 compared to 6,846 in July 2024. This month's total of 9,644 is higher than the previous month's total supply of available inventory of 9,562, an increase of 1%. |
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Median Sale Price
Last July, the median sale price for The Triangle Homes was $435,000. This July, the median sale price was $439,900, an increase of 1% or $4,900 compared to last year. The current median sold price is 1% 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. |
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| New Listings 4,088 |
Current Contracts 2,907 |
Sold Vs. List Price 98.8% |
Months of Supply 3.1 |
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| Up 19% Vs. Year Ago |
Up 16% Vs. Year Ago |
No Change Vs. Year Ago |
Up 29% Vs. Year Ago |
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Months of Supply
In July, there was 3.1 months of supply available in The Triangle, compared to 2.4 in July 2024. That is an increase of 29% 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. |
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New Listings & Current Contracts
This month there were 4,088 homes newly listed for sale in The Triangle compared to 3,445 in July 2024, an increase of 19%. There were 2,907 current contracts pending sale this July compared to 2,504 a year ago. The number of current contracts is 16% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in The Triangle was 98.8% 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 45, higher than the average last year, which was 36, an increase of 25%. | |||
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*Defined as: the counties of Alamance, Chatham, Durham, Franklin, Granville, Harnett, Johnston, Orange, and Wake in NC. | ||
| *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. |
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