SEPTEMBER 2019 MARKET UPDATES
With September 2019, the market in Durham County has experienced an increase in almost all areas from 2018 to 2019. New listings have increased 24% from last year, while the amount of closed sales has increased by 12.3%. The median sales price has also seen a bump from $245,900 to $279,990 (13.9% increase), while the average sales price has increased from $274,442 to $298,157 (8.6% increase). The average days on market has remained low but increased from 17 to 24.
In Orange County, there has been an 11% increase in new available listings and a 22% increase in closed sales. The median sales price has decreased from $290,000 to $285,000 (1.7% decrease), while the average sales price has also decreased from $384,931 to $358,058 (7% decrease). The average days a house is on the market until it sales has decreased from 40 to 37 (7.5% decrease).
Wake County has received a 22.2% increase in new listings and an 11.5% increase in closed sales. The median sales price has increased from $300,000 to $315,000 (5% increase) and the average sales price has increased from $334,869 to $352,297 (5.2% increase). The average days on market has remained at a low 26 days.
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