APEX AREA HOUSING MARKET DATA

There was an increase in total units sold in May, with 169 sold this month in Apex Area Real Estate versus 149 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 10% versus May 2024.

Versus last year, the total number of homes available this month is higher by 169 units or 99%. The total number of active inventory this May was 339 compared to 170 in May 2024. This month's total of 339 is higher than the previous month's total supply of available inventory of 295, an increase of 15%.

Last May, the median sale price for Apex Area Homes was $637,500. This May, the median sale price was $660,000, an increase of 4% or $22,500 compared to last year. The current median sold price is 5% higher than in April.

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

In May, there was 2.0 months of supply available in Apex Area, compared to 1.1 in May 2024. That is an increase of 82% 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 261 homes newly listed for sale in Apex Area compared to 214 in May 2024, an increase of 22%. There were 183 current contracts pending sale this May compared to 162 a year ago. The number of current contracts is 13% higher than last May.

In May, the average sale price in Apex Area was 99.0% 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 28, higher than the average last year, which was 19, an increase of 47%.





FOCUS ON: APEX AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27502, 27539, 27523 and 27562
Units Sold 169	Active Inventory 339	Median Sale Price $660,000	Days On Market 28

Up 10% Vs. Year Ago	Up 99% Vs. Year Ago	Up 4% Vs. Year Ago	Up 47% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 169 sold this month in Apex Area Real Estate versus 149 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 10% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 169 units or 99%. The total number of active inventory this May was 339 compared to 170 in May 2024. This month's total of 339 is higher than the previous month's total supply of available inventory of 295, an increase of 15%.
		Median Sale Price Last May, the median sale price for Apex Area Homes was $637,500. This May, the median sale price was $660,000, an increase of 4% or $22,500 compared to last year. The current median sold price is 5% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 261	Current Contracts 183	Sold Vs. List Price 99.0%	Months of Supply 2.0

Up 22% Vs. Year Ago	Up 13% Vs. Year Ago	Down -1.6% Vs. Year Ago	Up 83% Vs. Year Ago


		Months of Supply In May, there was 2.0 months of supply available in Apex Area, compared to 1.1 in May 2024. That is an increase of 82% 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 261 homes newly listed for sale in Apex Area compared to 214 in May 2024, an increase of 22%. There were 183 current contracts pending sale this May compared to 162 a year ago. The number of current contracts is 13% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Apex Area was 99.0% 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 28, higher than the average last year, which was 19, an increase of 47%.


	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.