Durham-Chapel Hill Inventory Surges as Prices Cool for Buyers

Active listings in Durham-Chapel Hill rose 18.2% year-over-year, outpacing the national increase of 5.4%, giving buyers more options and negotiation power. New listings grew 5.7%, while the median list price dropped 4.0% to $460,135, below the national median. Price reductions affected 24.1% of listings, and homes stayed on the market 60 days, indicating a cooler market favoring buyers.