WEST CHAPEL HILL AND CARRBORO AREA HOUSING MARKET DATA

There was an increase in total units sold in May, with 78 sold this month in West Chapel Hill and Carrboro Area Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 77 units or 79%. The total number of active inventory this May was 175 compared to 98 in May 2024. This month's total of 175 is higher than the previous month's total supply of available inventory of 138, an increase of 27%.

Last May, the median sale price for West Chapel Hill and Carrboro Area Homes was $700,000. This May, the median sale price was $637,500, a decrease of 9% or $62,500 compared to last year. The current median sold price is 7% 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.

In May, there was 2.2 months of supply available in West Chapel Hill and Carrboro Area, compared to 1.2 in May 2024. That is an increase of 90% 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 118 homes newly listed for sale in West Chapel Hill and Carrboro Area compared to 83 in May 2024, an increase of 42%. There were 68 current contracts pending sale this May compared to 62 a year ago. The number of current contracts is 10% higher than last May.

In May, the average sale price in West Chapel Hill and Carrboro Area was 100.1% of the average list price, which is 1.5% lower than at this time last year.

This month, the average number of days on market was 28, lower than the average last year, which was 29, a decrease of 3%.





FOCUS ON: WEST CHAPEL HILL AND CARRBORO AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27516 and 27510
Units Sold 78	Active Inventory 175	Median Sale Price $637,500	Days On Market 28

Down -6% Vs. Year Ago	Up 79% Vs. Year Ago	Down -9% Vs. Year Ago	Down -3% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 78 sold this month in West Chapel Hill and Carrboro Area Real Estate. This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 77 units or 79%. The total number of active inventory this May was 175 compared to 98 in May 2024. This month's total of 175 is higher than the previous month's total supply of available inventory of 138, an increase of 27%.
		Median Sale Price Last May, the median sale price for West Chapel Hill and Carrboro Area Homes was $700,000. This May, the median sale price was $637,500, a decrease of 9% or $62,500 compared to last year. The current median sold price is 7% 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.



New Listings 118	Current Contracts 68	Sold Vs. List Price 100.1%	Months of Supply 2.2

Up 42% Vs. Year Ago	Up 10% Vs. Year Ago	Down -1.5% Vs. Year Ago	Up 90% Vs. Year Ago


		Months of Supply In May, there was 2.2 months of supply available in West Chapel Hill and Carrboro Area, compared to 1.2 in May 2024. That is an increase of 90% 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 118 homes newly listed for sale in West Chapel Hill and Carrboro Area compared to 83 in May 2024, an increase of 42%. There were 68 current contracts pending sale this May compared to 62 a year ago. The number of current contracts is 10% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in West Chapel Hill and Carrboro Area was 100.1% of the average list price, which is 1.5% lower than at this time last year. Days on Market This month, the average number of days on market was 28, lower than the average last year, which was 29, a decrease of 3%.


	West Chapel Hill and Carrboro Area are defined as properties listed in zip code/s 27516 and 27510.
	*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.