Apex Area Housing Market Data

There was a decrease in total units sold in October, with 153 sold this month in Apex Area versus 158 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 2% versus October 2022.

Versus last year, the total number of homes available this month is lower by 162 units or 51%. The total number of active inventory this October was 158 compared to 320 in October 2022. This month's total of 158 is lower than the previous month's total supply of available inventory of 163, a decrease of 3%.

Last October, the median sale price for Apex Area was $561,250. This October, the median sale price was $582,000, an increase of 4% or $20,750 compared to last year. The current median sold price is 1% lower than in September.

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

In October, there was 1.0 months of supply available in Apex Area, compared to 2.1 in October 2022. That is a decrease of 50% 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.

This month there were 138 homes newly listed for sale in Apex Area compared to 132 in October 2022, an increase of 5%. There were 126 current contracts pending sale this October compared to 109 a year ago. The number of current contracts is 16% higher than last October.

In October, the average sale price in Apex Area was 99.6% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 32, higher than the average last year, which was 28, an increase of 14%.





Focus On: Apex Area Housing Market			October 2023

Zip Code(s): 27502, 27539, 27523 and 27562
Units Sold 153	Active Inventory 158	Median Sale Price $582,000	Days On Market 32

Down -2% Vs. Year Ago	Down -51% Vs. Year Ago	Up 4% Vs. Year Ago	Up 14% Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 153 sold this month in Apex Area versus 158 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 2% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 162 units or 51%. The total number of active inventory this October was 158 compared to 320 in October 2022. This month's total of 158 is lower than the previous month's total supply of available inventory of 163, a decrease of 3%.
		Median Sale Price Last October, the median sale price for Apex Area was $561,250. This October, the median sale price was $582,000, an increase of 4% or $20,750 compared to last year. The current median sold price is 1% lower than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 138	Current Contracts 126	Sold Vs. List Price 99.6%	Months of Supply 1.0

Up 5% Vs. Year Ago	Up 16% Vs. Year Ago	No Change Vs. Year Ago	Down -50% Vs. Year Ago


		Months of Supply In October, there was 1.0 months of supply available in Apex Area, compared to 2.1 in October 2022. That is a decrease of 50% 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 138 homes newly listed for sale in Apex Area compared to 132 in October 2022, an increase of 5%. There were 126 current contracts pending sale this October compared to 109 a year ago. The number of current contracts is 16% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Apex Area was 99.6% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 28, an increase of 14%.


	Apex Area are defined as properties listed in zip code/s 27502, 27539, 27523 and 27562.
	*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.
	Information 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.