August Markt Update

In Chatham County, there was a 5.9 percent decrease in the number of new listings in August, year to date, compared to last year, which decreased from 1,243 to 1,170. The number of closed sales increased from 863 to 924, a 7.1 percent increase. Median sales prices also increased by 7 percent. In August 2020, Chatham County median sales price exceeded the median sales price for all MLS listings.

​In Durham County, new listings decreased by 7.1 percent and closed sales have decreased by 2.9 percent year to date. Median sales price has increased 5.6 percent from this time last year, moving from $270,000 to $285,165. Average sales price increased by 5.8 percent year to date. In 2020, the Durham County median sales price have been higher than the median sales price of all MLS listings.

​The number of listings in Orange County has decreased by 16.1 percent, from 1,762 new listings year to date last year to 1,478 new listings this year. There was a 10.1 percent decrease in closed sales. Additionally, median sales price increased by 1.6 percent, from $319,900 to $325,000. In 2020, Orange County median sales price has been below the median sales price for all MLS listings. 

In Wake County, there was a decrease of 4.8 percent in the number of new listings year to date compared to last year, which decreased from 18,215 to 17,341. The number of closed sales increased 2 percent from 14,413 to 14,703. Median sales prices also increased by 10.9% for August compared to August 2019. Compared to the median sales price for all MLS listings, Wake County median sales price were higher in August.