The Long & Foster Market Minute

Focus On: Adams County Housing Market May 2018

Units Sold
110
Active Inventory
475
Median Sale Price
$195,000
Days On Market
71
Up 6%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -22%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in May, with 110 sold this month in Adams County Real Estate versus 114 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 6% versus May 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 225 units or 32%. The total number of active inventory this May was 475 compared to 700 in May 2017. This month's total of 475 is lower than the previous month's total supply of available inventory of 527, a decrease of 10%.

Median Sale Price
Last May, the median sale price for Adams County Homes was $170,000. This May, the median sale price was approximately the same at $195,000. The current median sold price is 15% higher than in May 2017.

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


New Listings
213
Current Contracts
136
Sold Vs. List Price
97.4%
Months of Supply
4.3
No Change
Vs. Year Ago
Up 28%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In May, there was 4.3 months of supply available in Adams County, compared to 6.7 in May 2017. That is a decrease of 36% 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 213 homes newly listed for sale in Adams County, which is similar to the amount in May 2017. There were 136 current contracts pending sale this May compared to 106 a year ago. The number of current contracts is 28% higher than last May.

Sale Price to List Price Ratio
In May, the average sale price in Adams County was 97.4% of the average list price, which is 0.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 71, lower than the average last year, which was 91, a decrease of 22%.

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.