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| AUGUST 2025 | |||
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| Zip Code(s): 27529 | |||
| Units Sold 78 |
Active Inventory 285 |
Median Sale Price $452,356 |
Days On Market 45 |
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| Up 16% Vs. Year Ago |
Up 40% Vs. Year Ago |
Up 12% Vs. Year Ago |
Up 55% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 78 sold this month in Garner Area Real Estate versus 94 last month, a decrease of 17%. This month's total units sold was higher than at this time last year, an increase of 16% versus August 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 81 units or 40%. The total number of active inventory this August was 285 compared to 204 in August 2024. This month's total of 285 is higher than the previous month's total supply of available inventory of 278, an increase of 3%. |
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Median Sale Price
Last August, the median sale price for Garner Area Homes was $405,000. This August, the median sale price was $452,356, an increase of 12% or $47,356 compared to last year. The current median sold price is 3% higher than in July. 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 116 |
Current Contracts 87 |
Sold Vs. List Price 98.8% |
Months of Supply 3.7 |
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| Up 4% Vs. Year Ago |
Up 40% Vs. Year Ago |
No Change Vs. Year Ago |
Up 20% Vs. Year Ago |
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Months of Supply
In August, there was 3.7 months of supply available in Garner Area, compared to 3.0 in August 2024. That is an increase of 20% 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 116 homes newly listed for sale in Garner Area compared to 112 in August 2024, an increase of 4%. There were 87 current contracts pending sale this August compared to 62 a year ago. The number of current contracts is 40% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Garner Area was 98.8% 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 45, higher than the average last year, which was 29, an increase of 55%. | |||
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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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