APEX AREA HOUSING MARKET DATA

There was an increase in total units sold in April, with 147 sold this month in Apex Area Real Estate versus 121 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 19% versus April 2024.

Versus last year, the total number of homes available this month is higher by 150 units or 114%. The total number of active inventory this April was 282 compared to 132 in April 2024. This month's total of 282 is higher than the previous month's total supply of available inventory of 255, an increase of 11%.

Last April, the median sale price for Apex Area Homes was $635,804. This April, the median sale price was $623,340, a decrease of 2% or $12,464 compared to last year. The current median sold price is 2% lower than in March.

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

In April, there was 1.9 months of supply available in Apex Area, compared to 0.7 in April 2024. That is an increase of 163% 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 233 homes newly listed for sale in Apex Area compared to 189 in April 2024, an increase of 23%. There were 183 current contracts pending sale this April compared to 172 a year ago. The number of current contracts is 6% higher than last April.

In April, the average sale price in Apex Area was 99.5% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 23, higher than the average last year, which was 21, an increase of 10%.





FOCUS ON: APEX AREA HOUSING MARKET			APRIL 2025

Zip Code(s): 27502, 27539, 27523 and 27562
Units Sold 147	Active Inventory 282	Median Sale Price $623,340	Days On Market 23

Down -19% Vs. Year Ago	Up 114% Vs. Year Ago	Down -2% Vs. Year Ago	Up 10% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 147 sold this month in Apex Area Real Estate versus 121 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 19% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 150 units or 114%. The total number of active inventory this April was 282 compared to 132 in April 2024. This month's total of 282 is higher than the previous month's total supply of available inventory of 255, an increase of 11%.
		Median Sale Price Last April, the median sale price for Apex Area Homes was $635,804. This April, the median sale price was $623,340, a decrease of 2% or $12,464 compared to last year. The current median sold price is 2% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 233	Current Contracts 183	Sold Vs. List Price 99.5%	Months of Supply 1.9

Up 23% Vs. Year Ago	Up 6% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 163% Vs. Year Ago


		Months of Supply In April, there was 1.9 months of supply available in Apex Area, compared to 0.7 in April 2024. That is an increase of 163% 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 233 homes newly listed for sale in Apex Area compared to 189 in April 2024, an increase of 23%. There were 183 current contracts pending sale this April compared to 172 a year ago. The number of current contracts is 6% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Apex Area was 99.5% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 23, higher than the average last year, which was 21, an increase of 10%.


	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.