Per the previous week, single family detached home sales in Durham performed as follows:
Average sale price: $489,095
Average price per square foot: $250.41
Average days on market: 11
Average sale price in relation to list price: 108%
As we can see from the data, the local Durham is doing incredibly well for sellers. The mortgage rate hikes have seemingly no impact on buyers desire to live in Durham or the ability for homes to sell over ask price.
As of 6/3/2022, Durham has 248 active SFR listings. This down from what has been an average of 300+ active listings the prior 3 months.