The Long & Foster Market Minute

Focus On: Adams County Housing Market February 2019

Units Sold
56
Active Inventory
311
Median Sale Price
$177,500
Days On Market
60
Up 2%
Vs. Year Ago
Down -51%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -26%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in February, with 56 sold this month in Adams County Real Estate versus 71 last month, a decrease of 21%. This month's total units sold was higher than at this time last year, an increase of 2% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 320 units or 51%. The total number of active inventory this February was 311 compared to 631 in February 2018. This month's total of 311 is lower than the previous month's total supply of available inventory of 358, a decrease of 13%.

Median Sale Price
Last February, the median sale price for Adams County Homes was $180,000. This February, the median sale price was $177,500, a decrease of 1% or $2,500 compared to last year. The current median sold price is 1% lower than in January.

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


New Listings
88
Current Contracts
92
Sold Vs. List Price
98.1%
Months of Supply
5.6
Down -35%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -52%
Vs. Year Ago

Months of Supply
In February, there was 5.6 months of supply available in Adams County, compared to 11.5 in February 2018. That is a decrease of 52% 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 88 homes newly listed for sale in Adams County compared to 136 in February 2018, a decrease of 35%. There were 92 current contracts pending sale this February compared to 86 a year ago. The number of current contracts is 7% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Adams County was 98.1% of the average list price, which is 0.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 60, lower than the average last year, which was 81, a decrease of 26%.

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.