By the numbers: Data from local organization reflects housing market's volatility
By Staff Report, posted Aug 11, 2022 on BizFayetteville.com
How volatile is the housing market? Longleaf Pine REALTORS Association, a local professional trade association, provides local market updates
and data. The data below refers to existing single-family homes in the Fayetteville MSA.
The sales price data does not account for sales concessions or down payment assistance. LPR also notes that percent changes use rounded figures, and small sample sizes can make the changes look more extreme.
CUMBERLAND COUNTY
The number of new listings in June 2021 was 655. The number of new listings in June 2022 was 588 – a -10.2 percent change. From the beginning of 2021 through June 2021, Cumberland County saw 3,364 new listings; from the beginning of 2022 through June 2022, Cumberland County saw 3,304 new listings – a -1.8 percent change.
June 2021 saw 547 closed sales, whereas June of 2022 saw 502 closed sales – a -8.2 percent change.
From the beginning of 2021 through June 2021, there were 2,683 closed sales. This year, there was an increase of 6.2 percent with the number of closed sales from the beginning of 2022 through June 2022 clocking in at 2,850.
The average sales price from the beginning of 2021 through June 2021 was $198,600. The average sales prices from the beginning of 2022 through June 2022 was $223,338, a 12.5 percent increase.
HOKE COUNTY
The number of new listings in June 2021 were 131. The number of new listings in June 2022 were 133 – a +1.5 percent change. From the beginning of 2021 through June 2021, Hoke County saw 626 new listings; from the beginning of 2022 through June 2022, Hoke County saw 592 new listings – a -5.4 percent change.
June 2021 saw 123 closed sales, whereas June of 2022 saw 101 closed sales – a 17.9 percent decrease.
From the beginning of 2021 through June 2021, there were 519 closed sales. This year, there was an increase with the number of closed sales from the beginning of 2022 through June 2022 clocking in at 526, a 1.3 percent change.
The average sales price from the beginning of 2021 through June 2021 was $209,162. The average sales prices from the beginning of 2022 through June 2022 was $255,167 – a 22 percent change.
HARNETT COUNTY
The number of new listings in June 2021 were 312. The number of new listings in June 2022 were 273 – a -12.5 percent change. From the beginning of 2021 through June 2021, Harnett County saw 1,461 new listings; from the beginning of 2022 through June 2022, Harnett County saw 1,402 new listings – a -4 percent change.
June 2021 saw 312 closed sales, whereas June of 2022 saw 246 closed sales – a - 21.2 percent change.
From the beginning of 2021 through June 2021, there were 1,183 closed sales. This year, there was an increase with the number of closed sales from the beginning of 2022 through June 2022 clocking in at 1,202, a 1.6 percent increase.
The average sales price from the beginning of 2021 through June 2021 was $277,746. The average sales prices from the beginning of 2022 through June 2022 was $332,457 – a 19.7 percent increase.
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