Fuquay Varina Market Report for February 2016

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

Relocation Certified Specialist
Gold Sales Club - Top Producer

Cell: 919-417-4367




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
real estate market
fuquay varina nc

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Sharon Kowitz

Cary, NC Relocation Specialist ~ Buying or Selling
Need to buy or sell a home? Ask me your Relocation Specialist
Spam prevention

Additional Information