Durham Real Estate Market Finds Price Cuts Milestone

The Durham market saw one more home change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since July at three. In comparison, Portland led all other nearby municipalities with 883 price reductions. The median sales price dropped to $450,000, down from last week's $530,000. In spite of the decrease in sales, a low three months of inventory signals that Durham is a seller's market.

Looking to get the most out of your money? Check out these bargain listings in Durham that recently had price cuts:

$388K   $425K   $849K  

Get started right now by checking out Durham homes for sale or reviewing Durham real estate trends.

Demographic facts for Durham:

  • The median value of all homes is $284,200.
  • Average number of rainy days is 152 per year. (U.S. average: 100)
  • The unemployment rate is 6.9%.
  • The students per teacher ratio in this area is 19.5:1. (15.3:1 = national average)

Data reported through 10/12/2016

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Ask a local expert about this area:
The Peggy Hoag Group Berkshire Hathaway HomeServices
Snapped 13 homes in this area

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