The Fonville Morisey Market Minute

Focus On: Alamance County Housing Market June 2021

Units Sold
164
Active Inventory
89
Median Sale Price
$265,620
Days On Market
11
Up
Vs. Year Ago
Down -42%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -71%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 164 sold this month in Alamance County . This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 65 units or 42%. The total number of active inventory this June was 89 compared to 154 in June 2020. This month's total of 89 is higher than the previous month's total supply of available inventory of 72, an increase of 24%.

Median Sale Price
Last June, the median sale price for Alamance County was $235,000. This June, the median sale price was $265,620, an increase of 13% or $30,620 compared to last year. The current median sold price is 2% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
182
Current Contracts
159
Sold Vs. List Price
103.6%
Months of Supply
0.5
Up 38%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 4.7%
Vs. Year Ago
Down -68%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Alamance County, compared to 1.7 in June 2020. That is a decrease of 68% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 182 homes newly listed for sale in Alamance County compared to 132 in June 2020, an increase of 38%. There were 159 current contracts pending sale this June compared to 144 a year ago. The number of current contracts is 10% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Alamance County was 103.6% of the average list price, which is 4.7% higher than at this time last year.
Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 38, a decrease of 71%.
 The Fonville Morisey Market Minute Alamance County are defined as properties listed in zip code/s .
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.