APEX AREA HOUSING MARKET DATA

There was a decrease in total units sold in December, with 110 sold this month in Apex Area Real Estate versus 135 last month, a decrease of 19%. This month's total units sold was lower than at this time last year, a decrease of 21% versus December 2023.

Versus last year, the total number of homes available this month is higher by 4 units or 3%. The total number of active inventory this December was 149 compared to 145 in December 2023. This month's total of 149 is lower than the previous month's total supply of available inventory of 203, a decrease of 27%.

Last December, the median sale price for Apex Area Homes was $577,500. This December, the median sale price was $635,862, an increase of 10% or $58,362 compared to last year. The current median sold price is 16% higher than in November.

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

In December, there was 1.4 months of supply available in Apex Area, compared to 1.0 in December 2023. That is an increase of 31% 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 80 homes newly listed for sale in Apex Area compared to 83 in December 2023, a decrease of 4%. There were 91 current contracts pending sale this December compared to 104 a year ago. The number of current contracts is 13% lower than last December.

In December, the average sale price in Apex Area was 98.4% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 41, lower than the average last year, which was 106, a decrease of 61%.





FOCUS ON: APEX AREA HOUSING MARKET			DECEMBER 2024

Zip Code(s): 27502, 27539, 27523 and 27562
Units Sold 110	Active Inventory 149	Median Sale Price $635,862	Days On Market 41

Down -21% Vs. Year Ago	Up 3% Vs. Year Ago	Up 10% Vs. Year Ago	Down -61% Vs. Year Ago


		Units Sold There was a decrease in total units sold in December, with 110 sold this month in Apex Area Real Estate versus 135 last month, a decrease of 19%. This month's total units sold was lower than at this time last year, a decrease of 21% versus December 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 4 units or 3%. The total number of active inventory this December was 149 compared to 145 in December 2023. This month's total of 149 is lower than the previous month's total supply of available inventory of 203, a decrease of 27%.
		Median Sale Price Last December, the median sale price for Apex Area Homes was $577,500. This December, the median sale price was $635,862, an increase of 10% or $58,362 compared to last year. The current median sold price is 16% higher than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 80	Current Contracts 91	Sold Vs. List Price 98.4%	Months of Supply 1.4

Down -4% Vs. Year Ago	Down -13% Vs. Year Ago	Down -1.6% Vs. Year Ago	Up 30% Vs. Year Ago


		Months of Supply In December, there was 1.4 months of supply available in Apex Area, compared to 1.0 in December 2023. That is an increase of 31% 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 80 homes newly listed for sale in Apex Area compared to 83 in December 2023, a decrease of 4%. There were 91 current contracts pending sale this December compared to 104 a year ago. The number of current contracts is 13% lower than last December.
		Sale Price to List Price Ratio In December, the average sale price in Apex Area was 98.4% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 41, lower than the average last year, which was 106, a decrease of 61%.


	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.