July Market Update

​In Chatham County, there was an increase of 32% in the number of new listings in June compared to last year, which increased from 150 to 198. The number of closed sales increased from 123 to 141 or a 14.6% increase. Median sales prices also increased by 16.1%. In July 2020, Chatham County median sales price exceeded the median sales price for all MLS listings.

​In Durham County, new listings decreased by 1.6% and closed sales have increased by 0.5% this month. Median sales price has increased 7.1% from this time last year, moving from $272,500 to $291,905. Average sales price increased by 5% year to date. In 2020, the Durham County median sales price have been higher than the median sales price of all MLS listings.

Unlike Durham County, the number of listings in Orange County has increased by 3.2%, from 187 new listings this time last year to 193 new listings this July. There was a 2.1% increase in closed sales. Additionally, median sales price decreased by 5.7%, from $342,650 to $323,000. In 2020, Orange County median sales price has been below the median sales price for all MLS listings. 

In Wake County, there was an increase of 9.3% in the number of new listings in June compared to last year, which increased from 2,194 to 2,399. The number of closed sales increased from 2,118 to 2,364 or a 11.6% increase. Median sales prices also increased by 6.3%. Compared to the median sales price for all MLS listings, Wake County median sales price were higher in July.