HOLLY SPRINGS AREA HOUSING MARKET DATA

The number of units sold remained stable in August, with 67 sold this month in Holly Springs Area Real Estate. This month's total units sold was higher than at this time last year, an increase of 7% versus August 2023.

Versus last year, the total number of homes available this month is lower by 7 units or 7%. The total number of active inventory this August was 94 compared to 101 in August 2023. This month's total of 94 is higher than the previous month's total supply of available inventory of 79, an increase of 19%.

Last August, the median sale price for Holly Springs Area Homes was $615,000. This August, the median sale price was $690,000, an increase of 12% or $75,000 compared to last year. The current median sold price is 6% 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.

In August, there was 1.4 months of supply available in Holly Springs Area, compared to 1.7 in August 2023. That is a decrease of 19% 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 71 homes newly listed for sale in Holly Springs Area compared to 76 in August 2023, a decrease of 7%. There were 48 current contracts pending sale this August compared to 49 a year ago. The number of current contracts is 2% lower than last August.

In August, the average sale price in Holly Springs Area was 99.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 19, lower than the average last year, which was 82, a decrease of 77%.





FOCUS ON: HOLLY SPRINGS AREA HOUSING MARKET			AUGUST 2024

Zip Code(s): 27540
Units Sold 67	Active Inventory 94	Median Sale Price $690,000	Days On Market 19

Up 16% Vs. Year Ago	Down -7% Vs. Year Ago	Up 12% Vs. Year Ago	Down -77% Vs. Year Ago


		Units Sold The number of units sold remained stable in August, with 67 sold this month in Holly Springs Area Real Estate. This month's total units sold was higher than at this time last year, an increase of 7% versus August 2023.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 7%. The total number of active inventory this August was 94 compared to 101 in August 2023. This month's total of 94 is higher than the previous month's total supply of available inventory of 79, an increase of 19%.
		Median Sale Price Last August, the median sale price for Holly Springs Area Homes was $615,000. This August, the median sale price was $690,000, an increase of 12% or $75,000 compared to last year. The current median sold price is 6% 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.



New Listings 71	Current Contracts 48	Sold Vs. List Price 99.7%	Months of Supply 1.4

Down -7% Vs. Year Ago	Down -2% Vs. Year Ago	No Change Vs. Year Ago	Down -20% Vs. Year Ago


		Months of Supply In August, there was 1.4 months of supply available in Holly Springs Area, compared to 1.7 in August 2023. That is a decrease of 19% 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 71 homes newly listed for sale in Holly Springs Area compared to 76 in August 2023, a decrease of 7%. There were 48 current contracts pending sale this August compared to 49 a year ago. The number of current contracts is 2% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Holly Springs Area was 99.7% 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 19, lower than the average last year, which was 82, a decrease of 77%.


	Holly Springs Area are defined as properties listed in zip code/s 27540.
	*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.