Johnston County July Real Estate Market Report
The Johnston County Real Estate market in July is showing positive numbers with closed sales up almost 27% over
July 2012. All the numbers that should be in positive numbers were, and those that should be in the negative column were as well. The number of homes sold in the Johnston County real estate market in July was 250 and ranged in price from $25,000 for a fixer upper to $612,000 for a luxury estate Parade of Homes winner.
Home Prices Rising in Johnston County
The median sales price increased from $154,900 to $167,950 an increase of 8.4%, the average sales price of homes sold in Johnston County went up from $170,778 to $178,209 an increase of 4.4%. The percent of original list price received went up from 92.3% to 96.8% which is a significant number meaning buyers are willing to pay closer to asking price for homes.
Homes Are Selling Faster in Clayton and Surrounding Towns.
In the good negative column the numbers that went down included days on market which went from 135 to 114, inventory went down as did months supply of inventory which is now down to 7.4 months supply of housing. Going back over the last couple of months there is a positive trend with home sales in April up 56.3 % over 2012, May home sales up 56.9% over 2012 and June home sales in Johnston County up 29.1%.
Where is Johnston County, North Carolina?
Johnston County is located a short distance east of Raleigh, NC and is one of the fastest growing counties in the state, it is very attractive to people relocating to North Carolina. It is part of the area known as the Triangle which is made up of counties in close proximity to Research Triangle Park. People relocate to Clayton and Smithfield, towns in Johnston County for many reasons, job opportunities with companies like Caterpillar, Grifols, excellent schools such as River Dell Elementary and Riverwood Middle and wonderful neighborhoods such as Flowers Plantation, Glen Laurel, Portofino and Plantation Point.