Durham Housing Market

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A RESEARCH TOOL PROVIDED BY TRIANGLE MLS
2014 2015 + / – 2014 2015 + / –
New Listings
387 420 + 8.5% 4,625 4,836 + 4.6%
Closed Sales
325 310 – 4.6% 3,453 3,693 + 7.0%
Median Sales Price*
$182,000 $188,750 + 3.7% $179,900 $190,500 + 5.9%
Average Sales Price*
$206,917 $218,129 + 5.4% $207,972 $216,134 + 3.9%
Total Dollar Volume (in millions)*
$67.2 $67.6 + 0.6% $717.1 $797.8 + 11.3%
Percent of Original List Price Received*
95.2% 96.4% + 1.3% 95.9% 96.8% + 0.9%
Percent of List Price Received*
97.9% 98.2% + 0.3% 97.6% 98.1% + 0.5%
Days on Market Until Sale
57 42 – 26.3% 59 49 – 16.9%
Inventory of Homes for Sale
1,204 1,054 – 12.5%
Months Supply of Inventory
3.6 3.0 – 16.7%
Local Market Update – October 2015
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
All MLS
October Year to Date
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their
share of sales during that period. | Current as of November 10, 2015. All data from Triangle Multiple Listing Service, Inc.. | Powered by 10K Research and Marketing.
+ 8.5% – 4.6% + 3.7%
Change in
New Listings
Change in
Closed Sales
Change in
Median Sales Price
Durham County
Durham County
– 10%
– 8%
– 6%
– 4%
– 2%
0%
+ 2%
+ 4%
+ 6%
+ 8%
+ 10%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015
Change in Median Sales Price from Prior Year (6-Month Average)**
b
a
4,625
3,453
4,836
3,693
New Listings Closed Sales
Year to Date
2014 2015
+ 7.0%
+ 4.6%
387
325
420
310
New Listings Closed Sales
October
2014 2015
-4.6%
+ 8.5%