RALEIGH AREA HOUSING MARKET DATA

There was an increase in total units sold in April, with 611 sold this month in Raleigh Area Real Estate versus 562 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2024.

Versus last year, the total number of homes available this month is higher by 502 units or 44%. The total number of active inventory this April was 1,638 compared to 1,136 in April 2024. This month's total of 1,638 is higher than the previous month's total supply of available inventory of 1,533, an increase of 7%.

Last April, the median sale price for Raleigh Area Homes was $450,000. This April, the median sale price was approximately the same at $457,630. The current median sold price is 2% higher than in April 2024.

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

In April, there was 2.7 months of supply available in Raleigh Area, compared to 1.7 in April 2024. That is an increase of 56% 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 912 homes newly listed for sale in Raleigh Area compared to 872 in April 2024, an increase of 5%. There were 630 current contracts pending sale this April compared to 655 a year ago. The number of current contracts is 4% lower than last April.

In April, the average sale price in Raleigh Area was 99.1% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 40, higher than the average last year, which was 31, an increase of 29%.





FOCUS ON: RALEIGH AREA HOUSING MARKET			APRIL 2025

Zip Code(s): 27601, 27603, 27604, 27605, 27606, 27607, 27608, 27609, 27610, 27612, 27613, 27614, 27615, 27616 and 27617
Units Sold 611	Active Inventory 1,638	Median Sale Price $457,630	Days On Market 40

Down -8% Vs. Year Ago	Up 44% Vs. Year Ago	Up 2% Vs. Year Ago	Up 29% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 611 sold this month in Raleigh Area Real Estate versus 562 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 502 units or 44%. The total number of active inventory this April was 1,638 compared to 1,136 in April 2024. This month's total of 1,638 is higher than the previous month's total supply of available inventory of 1,533, an increase of 7%.
		Median Sale Price Last April, the median sale price for Raleigh Area Homes was $450,000. This April, the median sale price was approximately the same at $457,630. The current median sold price is 2% higher than in April 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 912	Current Contracts 630	Sold Vs. List Price 99.1%	Months of Supply 2.7

Up 5% Vs. Year Ago	Down -4% Vs. Year Ago	Down -0.5% Vs. Year Ago	Up 56% Vs. Year Ago


		Months of Supply In April, there was 2.7 months of supply available in Raleigh Area, compared to 1.7 in April 2024. That is an increase of 56% 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 912 homes newly listed for sale in Raleigh Area compared to 872 in April 2024, an increase of 5%. There were 630 current contracts pending sale this April compared to 655 a year ago. The number of current contracts is 4% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Raleigh Area was 99.1% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 40, higher than the average last year, which was 31, an increase of 29%.


	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.