Thinking about selling your home in Cary NC? Checkout our Market Min Report http://www.fmrealty.com/market-minutes/detail?area=NC_Carpenter-Upchurch&aid=7fea1b88-3dea-42fe-a47f-ce17673e1dc2 via @fmrealty
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| Focus On: Carpenter and Upchurch Area Housing Market | July 2014 | ||
| Zip Code(s): 27519 | |||
| Units Sold 113 |
Active Inventory 210 |
Median Sale Price $382,000 |
Days On Market 72 |
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| Down -19% Vs. Year Ago |
Down -17% Vs. Year Ago |
Up 20% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 113 sold this month in Carpenter and Upchurch Area Real Estate versus 156 last month, a decrease of 28%. This month's total units sold was lower than at this time last year, a decrease of 19% versus July 2013.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 42 units or 17%. The total number of active inventory this July was 210 compared to 252 in July 2013. This month's total of 210 is lower than the previous month's total supply of available inventory of 212, a decrease of 1%.
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Median Sale Price
Last July, the median sale price for Carpenter and Upchurch Area Homes was $317,500. This July, the median sale price was $382,000, an increase of 20% or $64,500 compared to last year. The current median sold price is 1% 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 129 |
Current Contracts 105 |
Sold Vs. List Price 98.4% |
Months of Supply 1.9 |
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| No Change Vs. Year Ago |
Up 8% Vs. Year Ago |
No Change Vs. Year Ago |
Up 3% Vs. Year Ago |
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Months of Supply
In July, there was 1.9 months of supply available in Carpenter and Upchurch Area, compared to 1.8 in July 2013. That is an increase of 3% 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 129 homes newly listed for sale in Carpenter and Upchurch Area, which is similar to the amount in July 2013. There were 105 current contracts pending sale this July compared to 97 a year ago. The number of current contracts is 8% higher than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Carpenter and Upchurch Area was 98.4% 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 72, higher than the average last year, which was 63, an increase of 14%.
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| Carpenter and Upchurch Area are defined as properties listed in zip code/s 27519. | |||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Fonville Morisey'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 Fonville Morisey Real Estate, Inc. |
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