CLAYTON AREA HOUSING MARKET DATA

There was a decrease in total units sold in July, with 158 sold this month in Clayton Area Real Estate versus 161 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 13% versus July 2023.

Versus last year, the total number of homes available this month is higher by 27 units or 9%. The total number of active inventory this July was 332 compared to 305 in July 2023. This month's total of 332 is higher than the previous month's total supply of available inventory of 328, an increase of 1%.

Last July, the median sale price for Clayton Area Homes was $406,104. This July, the median sale price was $370,445, a decrease of 9% or $35,659 compared to last year. The current median sold price is 1% lower than in June.

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

In July, there was 2.1 months of supply available in Clayton Area. The amount of supply is similar compared to 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 186 homes newly listed for sale in Clayton Area compared to 156 in July 2023, an increase of 19%. There were 153 current contracts pending sale this July compared to 122 a year ago. The number of current contracts is 25% higher than last July.

In July, the average sale price in Clayton Area was 99.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 41, lower than the average last year, which was 100, a decrease of 59%.





FOCUS ON: CLAYTON AREA HOUSING MARKET			JULY 2024

Zip Code(s): 27520 and 27527
Units Sold 158	Active Inventory 332	Median Sale Price $370,445	Days On Market 41

Up 13% Vs. Year Ago	Up 9% Vs. Year Ago	Down -9% Vs. Year Ago	Down -59% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 158 sold this month in Clayton Area Real Estate versus 161 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 13% versus July 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 27 units or 9%. The total number of active inventory this July was 332 compared to 305 in July 2023. This month's total of 332 is higher than the previous month's total supply of available inventory of 328, an increase of 1%.
		Median Sale Price Last July, the median sale price for Clayton Area Homes was $406,104. This July, the median sale price was $370,445, a decrease of 9% or $35,659 compared to last year. The current median sold price is 1% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 186	Current Contracts 153	Sold Vs. List Price 99.2%	Months of Supply 2.1

Up 19% Vs. Year Ago	Up 25% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In July, there was 2.1 months of supply available in Clayton Area. The amount of supply is similar compared to 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 186 homes newly listed for sale in Clayton Area compared to 156 in July 2023, an increase of 19%. There were 153 current contracts pending sale this July compared to 122 a year ago. The number of current contracts is 25% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Clayton Area was 99.2% 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 41, lower than the average last year, which was 100, a decrease of 59%.


	Clayton Area are defined as properties listed in zip code/s 27520 and 27527.
	*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.