Durham Real Estate Market

[Greg Bensley]

What does everybody think about the current market status for house flipping in Durham, NC? Median sales price in Durham county hovered right around 400k in March, which is close to 12k over the median sales price for the entire Triangle MLS. Supply has been trending down from 1.9 since October 2022, which has a direct correlation with the median sales price driving up from around 375k at the start of 2023 to where it now lies. DOM is incredibly low at a median of just 3 days. Anybody have any thoughts they'd want to share? Concerns with investing in Durham? I've seen plenty of Durham flip deals get passed on and was wondering why this might be when the market data is incredibly strong