RALEIGH AREA HOUSING MARKET DATA

There was a decrease in total units sold in May, with 602 sold this month in Raleigh Area Real Estate versus 613 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024.

Versus last year, the total number of homes available this month is higher by 583 units or 47%. The total number of active inventory this May was 1,836 compared to 1,253 in May 2024. This month's total of 1,836 is higher than the previous month's total supply of available inventory of 1,718, an increase of 7%.

Last May, the median sale price for Raleigh Area Homes was $450,000. This May, the median sale price was $460,000, an increase of 2% or $10,000 compared to last year. 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.

In May, there was 3.0 months of supply available in Raleigh Area, compared to 1.9 in May 2024. That is an increase of 59% 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 1,001 homes newly listed for sale in Raleigh Area compared to 934 in May 2024, an increase of 7%. There were 709 current contracts pending sale this May compared to 687 a year ago. The number of current contracts is 3% higher than last May.

In May, the average sale price in Raleigh Area was 99.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 41, higher than the average last year, which was 33, an increase of 24%.





FOCUS ON: RALEIGH AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27601, 27603, 27604, 27605, 27606, 27607, 27608, 27609, 27610, 27612, 27613, 27614, 27615, 27616 and 27617
Units Sold 602	Active Inventory 1,836	Median Sale Price $460,000	Days On Market 41

Down -8% Vs. Year Ago	Up 47% Vs. Year Ago	Up 2% Vs. Year Ago	Up 24% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 602 sold this month in Raleigh Area Real Estate versus 613 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 583 units or 47%. The total number of active inventory this May was 1,836 compared to 1,253 in May 2024. This month's total of 1,836 is higher than the previous month's total supply of available inventory of 1,718, an increase of 7%.
		Median Sale Price Last May, the median sale price for Raleigh Area Homes was $450,000. This May, the median sale price was $460,000, an increase of 2% or $10,000 compared to last year. 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.



New Listings 1,001	Current Contracts 709	Sold Vs. List Price 99.0%	Months of Supply 3.0

Up 7% Vs. Year Ago	Up 3% Vs. Year Ago	No Change Vs. Year Ago	Up 59% Vs. Year Ago


		Months of Supply In May, there was 3.0 months of supply available in Raleigh Area, compared to 1.9 in May 2024. That is an increase of 59% 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 1,001 homes newly listed for sale in Raleigh Area compared to 934 in May 2024, an increase of 7%. There were 709 current contracts pending sale this May compared to 687 a year ago. The number of current contracts is 3% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Raleigh Area was 99.0% 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 41, higher than the average last year, which was 33, an increase of 24%.


	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.