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%


Author: Mallard Realty Group

At Mallard Realty Group we love the triangle area here in North Carolina! And are excited to share our passion for the real estate market here. We want to provide you with the best local content, and additional professional services, We look forward to earning your trust and respect through our excellent and responsive service and our extensive local knowledge. "CALL US" 919-578-2577 Our Team of experts are here to help you in all of your real estate needs. James Kempski - Neill Watson - Michael Newport- Ryan Cassidy- #getmallard #mallardme #mallardrealtygroup