The Long & Foster Market Minute

Focus On: Washington County Housing Market April 2020

Units Sold
153
Active Inventory
391
Median Sale Price
$206,900
Days On Market
58
Down -8%
Vs. Year Ago
Down -35%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -17%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 153 sold this month in Washington County Real Estate versus 148 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 213 units or 35%. The total number of active inventory this April was 391 compared to 604 in April 2019. This month's total of 391 is lower than the previous month's total supply of available inventory of 444, a decrease of 12%.

Median Sale Price
Last April, the median sale price for Washington County Homes was $196,500. This April, the median sale price was $206,900, an increase of 5% or $10,400 compared to last year. The current median sold price is 3% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
135
Current Contracts
148
Sold Vs. List Price
97.0%
Months of Supply
2.6
Down -46%
Vs. Year Ago
Down -24%
Vs. Year Ago
Down -1.5%
Vs. Year Ago
Down -29%
Vs. Year Ago

Months of Supply
In April, there was 2.6 months of supply available in Washington County, compared to 3.6 in April 2019. That is a decrease of 29% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 135 homes newly listed for sale in Washington County compared to 251 in April 2019, a decrease of 46%. There were 148 current contracts pending sale this April compared to 195 a year ago. The number of current contracts is 24% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Washington County was 97.0% of the average list price, which is 1.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 58, lower than the average last year, which was 70, a decrease of 17%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.