The Fonville Morisey Market Minute

Focus On: Central Cary Housing Market June 2021

Zip Code(s): 27511
Units Sold
64
Active Inventory
24
Median Sale Price
$422,500
Days On Market
29
Up 25%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 33%
Vs. Year Ago
Up 164%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 64 sold this month in Central Cary versus 62 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 25% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 26 units or 52%. The total number of active inventory this June was 24 compared to 50 in June 2020. This month's total of 24 is lower than the previous month's total supply of available inventory of 28, a decrease of 14%.

Median Sale Price
Last June, the median sale price for Central Cary was $317,500. This June, the median sale price was $422,500, an increase of $105,000 compared to last year. The current median sold price is 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
44
Current Contracts
44
Sold Vs. List Price
103.3%
Months of Supply
0.4
Up 5%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 3.2%
Vs. Year Ago
Down -61%
Vs. Year Ago

Months of Supply
In June, there was 0.4 months of supply available in Central Cary, compared to 1.0 in June 2020. That is a decrease of 62% 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 44 homes newly listed for sale in Central Cary compared to 42 in June 2020, an increase of 5%. There were 44 current contracts pending sale this June compared to 52 a year ago. The number of current contracts is 15% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Central Cary was 103.3% of the average list price, which is 3.2% higher than at this time last year.
Days on Market
This month, the average number of days on market was 29, higher than the average last year, which was 11, an increase of 164%.
 The Fonville Morisey Market Minute Central Cary are defined as properties listed in zip code/s 27511.
*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.