According to the Multiple Listing Service data for the Durham market, in October 2015 nearly all metrics for the real estate market showed a positive increase versus October 2014. The market continues to be strong with 8.5% growth in New Listings, a 3.7% increase in Median Sales Price to $188,750 and a 5.4% increase in Average Sales Price to $218,129.
The market also seems to be holding steady and is not experiencing wide price swings with the Percent of Original List Price Received only increasing 1.3% to 96.4%. So apparently sellers are pricing their homes realistically and close to what the market will bear.