Holly Springs Area Housing Market Data

There was a decrease in total units sold in October, with 55 sold this month in Holly Springs Area versus 62 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 27% versus October 2022.

Versus last year, the total number of homes available this month is lower by 63 units or 35%. The total number of active inventory this October was 116 compared to 179 in October 2022. This month's total of 116 is higher than the previous month's total supply of available inventory of 105, an increase of 10%.

Last October, the median sale price for Holly Springs Area was $617,221. This October, the median sale price was $590,000, a decrease of 4% or $27,221 compared to last year. The current median sold price is 9% lower than in September.

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

In October, there was 2.1 months of supply available in Holly Springs Area, compared to 2.4 in October 2022. That is a decrease of 12% 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 79 homes newly listed for sale in Holly Springs Area compared to 81 in October 2022, a decrease of 2%. There were 55 current contracts pending sale this October compared to 56 a year ago. The number of current contracts is 2% lower than last October.

In October, the average sale price in Holly Springs Area was 98.8% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 24, higher than the average last year, which was 23, an increase of 4%.





Focus On: Holly Springs Area Housing Market			October 2023

Zip Code(s): 27540
Units Sold 55	Active Inventory 116	Median Sale Price $590,000	Days On Market 24

Down -27% Vs. Year Ago	Down -35% Vs. Year Ago	Down -4% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 55 sold this month in Holly Springs Area versus 62 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 27% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 63 units or 35%. The total number of active inventory this October was 116 compared to 179 in October 2022. This month's total of 116 is higher than the previous month's total supply of available inventory of 105, an increase of 10%.
		Median Sale Price Last October, the median sale price for Holly Springs Area was $617,221. This October, the median sale price was $590,000, a decrease of 4% or $27,221 compared to last year. The current median sold price is 9% lower than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 79	Current Contracts 55	Sold Vs. List Price 98.8%	Months of Supply 2.1

Down -2% Vs. Year Ago	Down -2% Vs. Year Ago	Down -0.9% Vs. Year Ago	Down -12% Vs. Year Ago


		Months of Supply In October, there was 2.1 months of supply available in Holly Springs Area, compared to 2.4 in October 2022. That is a decrease of 12% 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 79 homes newly listed for sale in Holly Springs Area compared to 81 in October 2022, a decrease of 2%. There were 55 current contracts pending sale this October compared to 56 a year ago. The number of current contracts is 2% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Holly Springs Area was 98.8% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 24, higher than the average last year, which was 23, an increase of 4%.


	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.