Home Sales Decline in Durham Real Estate Market

While home sales in the Durham market have been above average, in this week's report they slid 2.7% to 325 homes sold over the last 30 days. On the other hand, close-by Raleigh registered 574 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $197,500, down from last week's $198,500. In spite of the decrease in sales, a low two months of inventory signals that Durham is a definite seller's market.

If you're looking for a home with a large living area, then be sure to see these listings that provides more space than any other in Durham:

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

Demographic facts for Durham:

  • This area has a median house value of $142,900.
  • The area gets an average of 104 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 7.4%.
  • There are 15.2 students for every teacher. (15.3 = national average)

Data reported through 10/19/2016

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