January Market Report For Durham, NC

By
Real Estate Agent with CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC 228537

January Market Report For Durham, NC

 

Units Sold

  • Units Sold-234
    • Up 14% from Last Year
      • With 234 sold this month in Durham Area Real Estate versus 357 last month, a decrease of 34%. This month's total units sold was higher than at this time last year, an increase of 14% versus January 2015.

 

Active Inventory

  • Active Inventory-686
    • Down 28% from Last Year
      • Versus last year, the total number of homes available this month is lower by 264 units or 28%. The total number of active inventory this January was 686 compared to 950 in January 2015. This month's total of 686 is lower than the previous month's total supply of available inventory of 748, a decrease of 8%.

Median Sale Price

  • Median Sale Price-$210,000
    • Up 20% from Last Year
      • Last January, the median sale price for Durham Area Homes was $175,000. This January, the median sale price was $210,000, an increase of 20% or $35,000 compared to last year. The current median sold price is 4% higher than in December.

New Listings

  • New Listings-330
    • Down 6% from Last Year
  • Current Contracts-286
    • Up 9% from Last Year
      • This month there were 330 homes newly listed for sale in Durham Area compared to 350 in January 2015, a decrease of 6%. There were 286 current contracts pending sale this January compared to 262 a year ago. The number of current contracts is 9% higher than last January.

Sold VS List Price

  • Sold vs. List Price-98%
    • Up .7% from Last Year

      • In January, the average sale price in Durham Area was 98.0% of the average list price, which is 0.7% higher than at this time last year.

Months of Supply

  • Months of Supply-2.9
    • Down 37% from Last Year
      • In January, there was 2.9 months of supply available in Durham Area, compared to 4.6 in January 2015. That is a decrease of 37% versus a year ago.

Days on Market

  • Days on Market-68
    • Up 11% from Last Year
      • This month, the average number of days on market was 68, higher than the average last year, which was 61, an increase of 11%.
Posted by

 

 

Sharon Kowitz
www.kowitzrealty.com

Relocation Certified Specialist
Broker/REALTOR
Gold Sales Club - Top Producer
CRS-GRI-ABR-E-Pro-SRES-LHMSM-CREN

Cell: 919-417-4367
skowitz@fmrealty.com

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Tags:
real estate market
market report
market trends
durham
january
nc
2016 market

Spam prevention
Show All Comments
Ambassador
1,486,051
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for sharing this real estate report!  This is great information for all!

Feb 26, 2016 02:05 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
591,149

Sharon Kowitz

Cary, NC Relocation Specialist ~ Buying or Selling
Need to buy or sell a home? Ask me your Relocation Specialist
*
*
*
*
Spam prevention

Additional Information