Real Estate Market Report - Durham, NC (Dec, 2023)

The median sale/list price for these two sets of data shows a general trend of prices increasing over time, with a peak in September of 2023 and then leveling off in the following months. The median sale/list price ranges from $368,089 in January of 2023 to $430,000 in September of 2023.

The median sale price per square foot shows a fluctuating pattern with a slight decrease from January to February 2023, but a consistent increase from March to November 2023. The highest median sale price per square foot was recorded in April 2023 at $233.677.

The median sale price to list price ratio for December 2022 was 0.996, indicating that homes were selling for slightly less than their listed price. However, this ratio increased to 1.0 in February 2023 and remained at 1.0 until November 2023, indicating that homes were selling for their full listed price.

The data shows the number of properties sold/listed each month from December 2022 to November 2023. There is a consistent trend of higher numbers of properties sold/listed in the first half of the year, with a peak in May, followed by a gradual decline towards the end of the year. The highest number of properties sold/listed in a single month is 476 in May 2023, while the lowest is 244 in November 2023.

The median days on market for homes in this area ranged from 70 days in December 2022 to 16 days in November 2023, with a significant drop in May and June to just 8 days. Overall, the data suggests that the real estate market in this area is relatively stable, with a gradual decrease in median days on market over time.