Durham Homes Sales Up in May
The Triangle Multiple Listing Service (TMLS) reports that the Durham Home Sales were up 38% this month compared to the same time last year. As can be seen on the chart below, this continues a positive trend that began in January and continues to accelerate. The Durham market performed better than the region as a whole (up 26%). The median sales price of a home increased by $2,250 from a year ago to $177,250 with the average price of a home at $197,639 (3.5% increase). The days on the market have gone down by 9 from 120 to 111. Finally, in another crucial detail, the months supply of inventory is sharply down from 11.2 months in 2011 to 7.2 months now, a decrease of 35.8%.
The full breakdown is embedded after the break
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