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| JULY 2025 | |||
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| Zip Code(s): 27529 | |||
| Units Sold 91 |
Active Inventory 271 |
Median Sale Price $433,000 |
Days On Market 39 |
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| Up Vs. Year Ago |
Up 63% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 50% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 91 sold this month in Garner Area Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 105 units or 63%. The total number of active inventory this July was 271 compared to 166 in July 2024. This month's total of 271 is lower than the previous month's total supply of available inventory of 293, a decrease of 8%. |
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Median Sale Price
Last July, the median sale price for Garner Area Homes was $410,450. This July, the median sale price was $433,000, an increase of 5% or $22,550 compared to last year. The current median sold price is 3% higher 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. |
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| New Listings 152 |
Current Contracts 104 |
Sold Vs. List Price 98.6% |
Months of Supply 3.0 |
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| Up 71% Vs. Year Ago |
Up 53% Vs. Year Ago |
Down -1.3% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Months of Supply
In July, there was 3.0 months of supply available in Garner Area, compared to 2.8 in July 2024. That is an increase of 8% 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 152 homes newly listed for sale in Garner Area compared to 89 in July 2024, an increase of 71%. There were 104 current contracts pending sale this July compared to 68 a year ago. The number of current contracts is 53% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Garner Area was 98.6% of the average list price, which is 1.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 39, higher than the average last year, which was 26, an increase of 50%. | |||
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Garner Area are defined as properties listed in zip code/s 27529. | ||
| *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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