Masha Halpern's Market Report

Durham, NC

Single-Family Homes

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



Durham, NC

Thu Feb 21 2019
This week the median list price for Durham, NC is $348,250 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has held steady at or around 344. Click here to stay informed with the Durham market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Durham, NC

Thu Feb 21 2019
This week the median list price for Durham, NC is $348,250 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has held steady at or around 344. Click here to stay informed with the Durham market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Durham market.
Median List Price $348,250
Per Square Foot $162
Days on Market 105
Price Decreased 30%
Price Increased 7%
Relisted 5%
Inventory 344
Median House Rent $1,400
Most Expensive $4,900,000
Least Expensive $85,000
Market Action Index
Slight Seller's Advantage
41

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
$599,945 3,362 0.5 - 1 acre 4 4 3 4 5 156
$395,489 2,265 6,500 - 8,000 sqft 3 3 1 6 18 122
$299,987 1,939 8,000 - 10,000 sqft 3 3 20 17 13 69
$179,900 1,246 0.25 - 0.5 acre 3 2 55 20 23 74