The Fonville Morisey Market Minute

Focus On: Mebane Housing Market June 2021

Zip Code(s): 27302
Units Sold
48
Active Inventory
25
Median Sale Price
$300,500
Days On Market
8
No Change
Vs. Year Ago
Down -66%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -68%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 48 sold this month in Mebane , an increase of 66%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 66%. The total number of active inventory this June was 25 compared to 73 in June 2020. This month's total of 25 is higher than the previous month's total supply of available inventory of 19, an increase of 32%.

Median Sale Price
Last June, the median sale price for Mebane was $259,500. This June, the median sale price was $300,500, an increase of 16% or $41,000 compared to last year. The current median sold price is 9% 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
40
Current Contracts
33
Sold Vs. List Price
104.0%
Months of Supply
0.5
Down -30%
Vs. Year Ago
Down -48%
Vs. Year Ago
Up 3.6%
Vs. Year Ago
Down -66%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Mebane, compared to 1.5 in June 2020. That is a decrease of 66% 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 40 homes newly listed for sale in Mebane compared to 57 in June 2020, a decrease of 30%. There were 33 current contracts pending sale this June compared to 63 a year ago. The number of current contracts is 48% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Mebane was 104.0% of the average list price, which is 3.6% 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 25, a decrease of 68%.
 The Fonville Morisey Market Minute Mebane are defined as properties listed in zip code/s 27302.
*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.