Durham Real Estate Market Continues Downward Trend in Home Sales

A six-week rough patch for the overall sales trend continues in the Durham market. Also, the actual number of sales dropped 75.0% over the last 30 days to one. All indications show that the trend should continue, meaning less sales over the next few weeks. Prices are rising in Durham, and the median sales price this period increased from $541,500 to $660,000. A downturn in sales, coupled with the availability of 10 months of inventory, prove that Durham is a strong buyer's market.

If you want a low price tag for your next home, these listings are the most affordable Durham has to offer:

$170K   $214K   $254K  

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

Demographic facts for Durham:

  • 24.6% of the people in this area are renters.
  • The 10-year growth projection for this area is 31.5%.
  • This area has an average school expenditure per student of $4,675. ($5,691 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
Chico Lifestyle Real Estate
Snapped 4 homes in this area
Jim Crane Realty (CalBRE 01808835)
Snapped 1 home in this area
Chico Lifestyle Real Estate
Snapped 3 homes in this area

Agents that specialize in this area
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