The Apex, NC real estate market remains red-hot in June 2023, with homes selling quickly and often above list price.
As a homebuyer or seller in Apex, NC, it’s crucial to stay informed about the local real estate market trends. In this market report, we will delve into the market statistics for June 2023 to provide you with valuable insights and help you make informed decisions.
Here are the key market stats for Apex, NC in June 2023:
- Strong Sales Activity: The number of homes sold in June reached an impressive figure of 175. This indicates a high level of buyer demand and a competitive market environment.
- Median Sold Price: The median sold price for homes in Apex, NC stood at $585,000. This figure highlights the strong appreciation in property values, reflecting the desirability of the area and the demand from buyers.
- Quick Turnaround Time: On average, homes spent just 6 days on the market before getting sold. This rapid pace emphasizes the need for buyers to act swiftly and be prepared to make competitive offers.
- Homes Sold Above List Price: A total of 68 homes were sold above their list price. This demonstrates the intense competition among buyers and the willingness of buyers to make strong offers to secure their desired properties.
- Balanced Pricing: While many homes sold above list price, there were still opportunities for negotiation. 61 homes were sold below their list price, indicating that some sellers were willing to accept offers below their initial asking price.
- Homes Sold at List Price: 46 homes were sold for their list price, suggesting that these properties were priced accurately from the beginning and attracted offers at the expected value.
- Active Homes for Sale: As of publishing, there were 121 active homes for sale in Apex, NC. This represents the current inventory and availability of options for buyers actively searching for properties.
Although the market in Apex, NC remains highly competitive, there are signs that it may be starting to cool off slightly. The decrease in the number of homes for sale and the slight increase in the average time on the market indicate a potential shift towards a more balanced market.
However, it’s important to note that the market is still fast-paced and competitive. Buyers should be prepared to act quickly, work with an experienced real estate agent, and have their financing in order to increase their chances of securing a home.
As an award-winning realtor with 14 years of experience in the Apex and greater Triangle, NC real estate market, Jonathan Owens of Owens Realty Team powered by Fathom is here to guide you through the complexities of the current market conditions. Whether you’re buying or selling, we are dedicated to helping you achieve your real estate goals in this dynamic market.
Contact us today to learn more about navigating the Apex, NC real estate market and to take advantage of our expertise and personalized service.
