April market update

In Chatham County, there was a decrease in the number of new listings by 32.7%. In addition, there was also a decrease in the number of closed sales by 9.6%. However, there was a small increase in the median sale price this April by 1%. Chatham County median sales price is below the median sales price for all MLS listings. 

In Durham County, new listings have decreased this month by 28%. Closed sales, however, have increased by 11%. Median sales price has increased 4.7% from this time last year, moving from $272,320 to $285,000. Average sales price has also increased, but only by .4%. In 2020, the Durham County median sales price is higher than the median sales price of all MLS listings. 

In contrast to Durham County, the number of listings in Orange County has decreased by 49.5%, from 294 new listings this time last year to 159 new listings this April. There was an 1.9% decrease in closed sales this April. Median sales price also decreased by 6.8%, from $352,000 to $328,125. In 2020, Orange County median sales price is below the median sales price for all MLS listings. 

In Wake County, there was a decrease in the number of new listings in April, which decreased by 25.4%, from 2,455 to 1,832 The number of closed sales decreased from 1,892 to 1,651, or a 12.7% increase. However, median sales prices increased by 7.9%. In 2020, Wake County median sales price was slightly below the median sales price for all MLS listings.

CLICK HERE for an helpful Q & A with Carl.