More homes are available, but the best move is still to shop with a tight plan.
If you are trying to decide whether more selection means you can relax, my advice is to stay patient but not casual. Durham County, NC is giving buyers more choices right now, yet the homes that fit your budget and goals still deserve a focused approach.
Last month, active listings reached 1,030 homes, up 5.6% from the prior month, and new listings climbed to 524 homes, up 32.3%. Supply stood at 2.93 months, while 368 homes went under contract over the same stretch, and a typical newly pending home spent 28 days on the market before getting tied up. For a buyer, that is useful breathing room, not open season. More homes on the market can give you a better shot at comparing options instead of rushing the first weekend, but 2.93 months of supply still keeps Durham County, NC in seller-favored territory. I also look at the 28-day pace for homes that just went pending, because it tells me well-positioned listings are still finding traction in about a month. That is why I would stay selective without drifting into indecision. I would narrow your target price band before you schedule tours so you can judge value quickly. I would also rank your top features in order, because more choice only helps if you know what you are willing to compromise on. When a property lines up with your priorities, be ready to move cleanly and write with the recent market pace in mind.
About Tom Ballman
Tom Ballman is a licensed Real Estate Professional affiliated with Exp Realty, specializing in the Durham County market. With a focus on strategic marketing and deep local knowledge, Tom Ballman provides clients with expert guidance in navigating complex real estate transactions. View full profile →