The Fonville Morisey Market Minute

Focus On: Creedmoor Housing Market June 2021

Zip Code(s): 27522
Units Sold
20
Active Inventory
5
Median Sale Price
$292,500
Days On Market
8
Down -26%
Vs. Year Ago
Down -85%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 20 sold this month in Creedmoor versus 16 last month, an increase of 25%. This month's total units sold was lower than at this time last year, a decrease of 26% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 29 units or 85%. The total number of active inventory this June was 5 compared to 34 in June 2020. This month's total of 5 is lower than the previous month's total supply of available inventory of 8, a decrease of 38%.

Median Sale Price
Last June, the median sale price for Creedmoor was $255,000. This June, the median sale price was $292,500, an increase of 15% or $37,500 compared to last year. The current median sold price is 4% lower 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
14
Current Contracts
17
Sold Vs. List Price
105.6%
Months of Supply
0.3
Down -39%
Vs. Year Ago
Down -50%
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 Creedmoor, compared to 1.3 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 14 homes newly listed for sale in Creedmoor compared to 23 in June 2020, a decrease of 39%. There were 17 current contracts pending sale this June compared to 34 a year ago. The number of current contracts remained stable as compared to last June.

Sale Price to List Price Ratio
In June, the average sale price in Creedmoor was 105.6% 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 8, lower than the average last year, which was 102. This decrease was impacted by the limited number of sales.
 The Fonville Morisey Market Minute Creedmoor are defined as properties listed in zip code/s 27522.
*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.