The Fonville Morisey Market Minute

Focus On: Johnston County Housing Market June 2021

Units Sold
542
Active Inventory
235
Median Sale Price
$297,442
Days On Market
19
Down -1%
Vs. Year Ago
Down -67%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -59%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 542 sold this month in Johnston County versus 464 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 1% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 481 units or 67%. The total number of active inventory this June was 235 compared to 716 in June 2020. This month's total of 235 is lower than the previous month's total supply of available inventory of 238, a decrease of 1%.

Median Sale Price
Last June, the median sale price for Johnston County was $249,386. This June, the median sale price was $297,442, an increase of 19% or $48,056 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
504
Current Contracts
488
Sold Vs. List Price
103.2%
Months of Supply
0.4
Up 2%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 3.7%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In June, there was 0.4 months of supply available in Johnston County, compared to 1.3 in June 2020. That is a decrease of 67% 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 504 homes newly listed for sale in Johnston County compared to 492 in June 2020, an increase of 2%. There were 488 current contracts pending sale this June compared to 593 a year ago. The number of current contracts is 18% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Johnston County was 103.2% of the average list price, which is 3.7% higher than at this time last year.
Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 46, a decrease of 59%.
 The Fonville Morisey Market Minute Johnston 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.