Durham Real Estate Market Report
- July 2026

Durham's pricing is softening slightly, but absorption remains fast - the volume tells the real story.

Durham's median sale price sits around $425,000 in early 2026, down roughly 1.2% year-over-year. Don't read too much into the headline number: Durham is a large, diverse city with wildly different price points from neighborhood to neighborhood. South Durham near Chapel Hill commands $600K+ while areas east of I-85 trade in the $250K-$325K range.

What's notable is the volume: nearly 1,000 homes selling per month makes Durham one of the highest-transaction markets in the state. This is a market with real depth - buyers at every price point find inventory, and the velocity keeps the market healthy.

Inventory has expanded to roughly 1,600 active listings, but months of supply remain low at about 1.6 because absorption is so strong. This is still a seller's market in aggregate, though pockets of softness exist - particularly in the new-construction segments where builders are offering rate buydowns and concessions.

Durham's trajectory is shaped by two forces pulling in opposite directions: tech-sector growth in the downtown corridor and RTP keeps demand elevated, while rising insurance costs and property tax reassessments are creating affordability pressure at the lower end.