Fuquay Varina Market Report for February 2016

By
Real Estate Agent with CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC 228537

Fuquay-Varina Market Report for February 2016

 

Units Sold

  • Units Sold-80
    • Up 16% from Last Year
      • There was an increase in total units sold in February, with 80 sold this month in Fuquay Varina Area Real Estate versus 69 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 16% versus February 2015.

 

Active Inventory

  • Active Inventory-201
    • Down 16% from Last Year
      • Versus last year, the total number of homes available this month is lower by 37 units or 16%. The total number of active inventory this February was 201 compared to 238 in February 2015. This month's supply remained stable as compared to last month.

Median Sale Price

  • Median Sale Price-$243,547
    • Up 6% from Last Year
      • Last February, the median sale price for Fuquay Varina Area Homes was $230,000. This February, the median sale price was $243,547, an increase of 6% or $13,547 compared to last year. The current median sold price is 9% higher than in January.

New Listings

  • New Listings-126
    • Up 48% from Last Year
  • Current Contracts-110
    • Up 38% from Last Year
      • This month there were 126 homes newly listed for sale in Fuquay Varina Area compared to 85 in February 2015, an increase of 48%. There were 110 current contracts pending sale this February compared to 80 a year ago. The number of current contracts is 38% higher than last February.

Sold VS List Price

  • Sold vs. List Price-99.9%
    • Up 1.6% from Last Year

      • In February, the average sale price in Fuquay Varina Area was 99.9% of the average list price, which is 1.6% higher than at this time last year.

Months of Supply

  • Months of Supply-2.5
    • Down 27% from Last Year
      • In February, there was 2.5 months of supply available in Fuquay Varina Area, compared to 3.4 in February 2015. That is a decrease of 27% versus a year ago.

Days on Market

  • Days on Market-53
    • Down 32% from Last Year
      • This month, the average number of days on market was 53, lower than the average last year, which was 78, a decrease of 32%.
Posted by

 

 

Sharon Kowitz
www.kowitzrealty.com

Relocation Certified Specialist
Broker/REALTOR
Gold Sales Club - Top Producer
CRS-GRI-ABR-E-Pro-SRES-LHMSM-CREN

Cell: 919-417-4367
skowitz@fmrealty.com

 

 

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