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| FEBRUARY 2025 | |||
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| Zip Code(s): 27502, 27539, 27523 and 27562 | |||
| Units Sold 100 |
Active Inventory 201 |
Median Sale Price $599,675 |
Days On Market 48 |
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| No Change Vs. Year Ago |
Up 33% Vs. Year Ago |
Down -9% Vs. Year Ago |
Down -53% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 100 sold this month in Apex Area Real Estate, an increase of 1%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 50 units or 33%. The total number of active inventory this February was 201 compared to 151 in February 2024. This month's total of 201 is higher than the previous month's total supply of available inventory of 188, an increase of 7%. |
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Median Sale Price
Last February, the median sale price for Apex Area Homes was $661,318. This February, the median sale price was $599,675, a decrease of 9% or $61,643 compared to last year. The current median sold price is 7% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 140 |
Current Contracts 112 |
Sold Vs. List Price 100.5% |
Months of Supply 2.0 |
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| Down -8% Vs. Year Ago |
Down -6% Vs. Year Ago |
No Change Vs. Year Ago |
Up 33% Vs. Year Ago |
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Months of Supply
In February, there was 2.0 months of supply available in Apex Area, compared to 1.5 in February 2024. That is an increase of 33% 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. |
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New Listings & Current Contracts
This month there were 140 homes newly listed for sale in Apex Area compared to 153 in February 2024, a decrease of 8%. There were 112 current contracts pending sale this February compared to 119 a year ago. The number of current contracts is 6% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Apex Area was 100.5% 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 48, lower than the average last year, which was 102, a decrease of 53%. | |||
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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. |
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