Durham Real Estate Market Update

The Durham real estate market is still going strong but, like the rest of the country, our market is experiencing a great deal of change.  The table below compares Durham homes for sale and the associated statistics from 2008 to 2009.

Durham
2008
2009
Change

New Listings
3,346
3,346
-21%

Closed Sales
1,487
1,061
-28.6%

Average Sales Price
$174,113
$172,000
-1.2%

List/Sales Ratio
96.8%
95.5%
-1.3%

Avg Days on Market
87
94
+8.2%

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Data Source:  Triangle MLS