The Fonville Morisey Market Minute

Focus On: Angier, Lillington, and Dunn Area Housing Market September 2021

Zip Code(s): 27501, 27546, 28334, 27521, 28323, 28339 and 27506
Units Sold
130
Active Inventory
139
Median Sale Price
$263,050
Days On Market
16
Up 10%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -69%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 130 sold this month in Angier, Lillington, and Dunn Area versus 150 last month, a decrease of 13%. This month's total units sold was higher than at this time last year, an increase of 10% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 17 units or 11%. The total number of active inventory this September was 139 compared to 156 in September 2020. This month's total of 139 is lower than the previous month's total supply of available inventory of 143, a decrease of 3%.

Median Sale Price
Last September, the median sale price for Angier, Lillington, and Dunn Area was $227,450. This September, the median sale price was $263,050, an increase of 16% or $35,600 compared to last year. The current median sold price is 2% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
126
Current Contracts
115
Sold Vs. List Price
101.3%
Months of Supply
1.1
Up 38%
Vs. Year Ago
Up 20%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -19%
Vs. Year Ago

Months of Supply
In September, there was 1.1 months of supply available in Angier, Lillington, and Dunn Area, compared to 1.3 in September 2020. That is a decrease of 19% 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 126 homes newly listed for sale in Angier, Lillington, and Dunn Area compared to 91 in September 2020, an increase of 38%. There were 115 current contracts pending sale this September compared to 96 a year ago. The number of current contracts is 20% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Angier, Lillington, and Dunn Area was 101.3% of the average list price, which is 1.9% higher than at this time last year.
Days on Market
This month, the average number of days on market was 16, lower than the average last year, which was 52, a decrease of 69%.
 The Fonville Morisey Market Minute Angier, Lillington, and Dunn Area are defined as properties listed in zip code/s 27501, 27546, 28334, 27521, 28323, 28339 and 27506.
*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.