The Long & Foster Market Minute

Focus On: Adams County Housing Market March 2018

Units Sold
86
Active Inventory
433
Median Sale Price
$187,950
Days On Market
75
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -26%
Vs. Year Ago
Down -29%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 86 sold this month in Adams County Real Estate. This month's total units sold was lower than at this time last year.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 179 units or 29%. The total number of active inventory this March was 433 compared to 612 in March 2017. This month's supply remained stable as compared to last month.

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Median Sale Price
Last March, the median sale price for Adams County Homes was $179,900. This March, the median sale price was $187,950, an increase of 4% or $8,050 compared to last year. The current median sold price is 3% higher than in February.

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

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New Listings
176
Current Contracts
128
Sold Vs. List Price
97.3%
Months of Supply
5.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -4%
Vs. Year Ago
Down -4%
Vs. Year Ago
No Change
Vs. Year Ago
Down -5%
Vs. Year Ago

Months of Supply
In March, there was 5.0 months of supply available in Adams County, compared to 5.3 in March 2017. That is a decrease of 5% 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.

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New Listings & Current Contracts
This month there were 176 homes newly listed for sale in Adams County compared to 183 in March 2017, a decrease of 4%. There were 128 current contracts pending sale this March compared to 134 a year ago. The number of current contracts is 4% lower than last March.

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Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In March, the average sale price in Adams County was 97.3% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 75, lower than the average last year, which was 103, a decrease of 27%.

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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.