Durham Housing Stats for July
Last month’s housing data showed a strong increase in the health of the
Durham housing market. Will the numbers for June hang on to those gains? Let’s
take a look.
For all of Durham County there were 1994 houses listed at the end of June. 288
sales closed in June, so at that pace the currently available inventory would be
sold in 6.9 months. This is an small downtick from June’s adsorption tare of 6.2 months. It is still, however, a very strong showing for the county for the second month in a row.
For the 27713 area code there were 400 homes listed at the end of
June. 83 homes sold during June, so the current listings would be sold through
in 4.8 months. This is again a small softening of the market — last month’s number was 3.95 months — but again puts our little corner of Durham strongly in the realm of a seller’s market.
It’s worth noting that listings and sales declined this month compared to June. Listings declined slightly less than sales, which is why adsorption rates are slightly higher. Still it is another month of strength for the Durham market.
Let’s take a look at some individual communities
| Total Available Listings |
Total Closed Sales |
Absorption Rate | Average Sale Price | |
| Woodcroft |
62 |
15 |
4.1 |
$185,653 |
| Hope Valley Farms |
52 |
9 |
5.8 |
$179,967 |
| Woodlake |
7 |
2 |
3.5 |
$190,750 |
| Parkwood |
20 |
5 |
4.0 |
$133,780 |
| Chancellors Ridge |
14 |
5 |
2.6 |
$250,000 |
| Penrith |
3 |
2 |
1.5 |
$199,500 |
| Wynterfield |
14 |
3 |
4.7 |
$139,167 |
| Lochside |
10 |
2 |
5.0 |
$210,750 |
All of these communities still show strength as the overall housing market recovers.
Tags: housing stats
