Masha Halpern's Market Report

Durham, NC

Single-Family Homes

Boutique Real Estate at Keller Williams Realty | Masha@MashaHalpern.com



Durham, NC

Wed Oct 23 2019
This week the median list price for Durham, NC is $332,123 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 626. Click here to stay informed with the Durham market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Durham, NC

Wed Oct 23 2019
This week the median list price for Durham, NC is $332,123 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 626. Click here to stay informed with the Durham market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Durham market.
Median List Price $332,123
Per Square Foot $154
Days on Market 91
Price Decreased 47%
Price Increased 5%
Relisted 5%
Inventory 626
Median House Rent $1,550
Most Expensive $4,200,000
Least Expensive $79,000
Market Action Index
Slight Seller's Advantage
43

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$639,999 3,320 0.25 - 0.5 acre 4 4 10 12 7 145
$382,500 2,350 8,000 - 10,000 sqft 3 3 13 13 17 87
$289,000 1,934 8,000 - 10,000 sqft 3 3 22 21 22 58
$190,000 1,305 8,000 - 10,000 sqft 3 2 47 26 25 72