Cary Real Estate Market Update – February 2025

The Cary real estate market saw some notable shifts in February 2025, with the median sales price settling at $557,950, marking a 5.7% decrease from the previous month. Despite this dip, prices remained 4.3% higher than in February 2024, indicating overall year-over-year growth.

Other key trends include:

- Closed Sales: Down 8.7% from January and a significant 20.3% drop compared to last year.

- New Listings: Fell 21.8% year-over-year, contributing to lower inventory.

- Median Sold Price per Sq. Ft. : Rose 1.0% from January, suggesting steady value retention.

- Median Days on Market: Dropped 48.3% month-over-month, showing homes are selling faster.

- Months Supply of Inventory: Increased 44.6%, indicating more homes available but still a seller-friendly market.

While prices saw a short-term decline, the Cary market remains competitive with homes selling quickly and inventory still relatively low. Buyers may find new opportunities, while sellers should be strategic in pricing amid changing conditions.