The Fonville Morisey Market Minute

Focus On: Apex Area Housing Market June 2021

Zip Code(s): 27502, 27539, 27523 and 27562
Units Sold
226
Active Inventory
61
Median Sale Price
$474,191
Days On Market
12
Down -19%
Vs. Year Ago
Down -84%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -78%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 226 sold this month in Apex Area versus 210 last month, an increase of 8%. This month's total units sold was lower than at this time last year, a decrease of 19% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 321 units or 84%. The total number of active inventory this June was 61 compared to 382 in June 2020. This month's total of 61 is higher than the previous month's total supply of available inventory of 59, an increase of 3%.

Median Sale Price
Last June, the median sale price for Apex Area was $413,000. This June, the median sale price was $474,191, an increase of 15% or $61,191 compared to last year. The current median sold price is 1% 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
176
Current Contracts
168
Sold Vs. List Price
104.5%
Months of Supply
0.3
Down -30%
Vs. Year Ago
Down -46%
Vs. Year Ago
Up
Vs. Year Ago
Down -80%
Vs. Year Ago

Months of Supply
In June, there was 0.3 months of supply available in Apex Area, compared to 1.4 in June 2020. That is a decrease of 80% 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 176 homes newly listed for sale in Apex Area compared to 252 in June 2020, a decrease of 30%. There were 168 current contracts pending sale this June compared to 309 a year ago. The number of current contracts is 46% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Apex Area was 104.5% of the average list price, which is higher than at this time last year.
Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 55, a decrease of 78%.
 The Fonville Morisey Market Minute Apex Area are defined as properties listed in zip code/s 27502, 27539, 27523 and 27562.
*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.