The Fonville Morisey Market Minute

Focus On: Holly Springs Area Housing Market September 2021

Zip Code(s): 27540
Units Sold
109
Active Inventory
54
Median Sale Price
$496,973
Days On Market
9
Down -23%
Vs. Year Ago
Down -72%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -80%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 109 sold this month in Holly Springs Area versus 104 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 23% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 140 units or 72%. The total number of active inventory this September was 54 compared to 194 in September 2020. This month's total of 54 is higher than the previous month's total supply of available inventory of 35, an increase of 54%.

Median Sale Price
Last September, the median sale price for Holly Springs Area was $406,280. This September, the median sale price was $496,973, an increase of 22% or $90,693 compared to last year. The current median sold price is 10% lower than in August.

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


New Listings
145
Current Contracts
124
Sold Vs. List Price
104.9%
Months of Supply
0.5
Up 2%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up
Vs. Year Ago
Down -64%
Vs. Year Ago

Months of Supply
In September, there was 0.5 months of supply available in Holly Springs Area, compared to 1.4 in September 2020. That is a decrease of 64% 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 145 homes newly listed for sale in Holly Springs Area compared to 142 in September 2020, an increase of 2%. There were 124 current contracts pending sale this September compared to 139 a year ago. The number of current contracts is 11% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Holly Springs Area was 104.9% of the average list price, which is higher than at this time last year.
Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 45, a decrease of 80%.
 The Fonville Morisey Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.