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| MAY 2025 | |||
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| Units Sold 3,182 |
Active Inventory 8,931 |
Median Sale Price $435,000 |
Days On Market 45 |
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| No Change Vs. Year Ago |
Up 44% Vs. Year Ago |
No Change Vs. Year Ago |
Up 18% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 3,182 sold this month in The Triangle Real Estate, an increase of 14%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 2,735 units or 44%. The total number of active inventory this May was 8,931 compared to 6,196 in May 2024. This month's total of 8,931 is higher than the previous month's total supply of available inventory of 8,278, an increase of 8%. |
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Median Sale Price
Last May, the median sale price for The Triangle Homes was $435,000. This May, the median sale price was $435,000, which is similar compared to a year ago. The current median sold price is 1% 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. |
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| New Listings 4,798 |
Current Contracts 3,357 |
Sold Vs. List Price 99.3% |
Months of Supply 2.8 |
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| Up 15% Vs. Year Ago |
Up 8% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
Up 44% Vs. Year Ago |
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Months of Supply
In May, there was 2.8 months of supply available in The Triangle, compared to 1.9 in May 2024. That is an increase of 44% 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 4,798 homes newly listed for sale in The Triangle compared to 4,177 in May 2024, an increase of 15%. There were 3,357 current contracts pending sale this May compared to 3,103 a year ago. The number of current contracts is 8% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in The Triangle was 99.3% 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 45, higher than the average last year, which was 38, an increase of 18%. | |||
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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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