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| AUGUST 2025 | |||
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| Units Sold 334 |
Active Inventory 673 |
Median Sale Price $425,000 |
Days On Market 28 |
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| Up 3% Vs. Year Ago |
Down -3% Vs. Year Ago |
Up 4% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 334 sold this month in Chesapeake City Real Estate versus 376 last month, a decrease of 11%. This month's total units sold was higher than at this time last year, an increase of 3% versus August 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 18 units or 3%. The total number of active inventory this August was 673 compared to 691 in August 2024. This month's total of 673 is lower than the previous month's total supply of available inventory of 716, a decrease of 6%. |
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Median Sale Price
Last August, the median sale price for Chesapeake City Homes was $410,000. This August, the median sale price was $425,000, an increase of 4% or $15,000 compared to last year. The current median sold price is 2% higher than in July. 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 475 |
Current Contracts 398 |
Sold Vs. List Price 99.9% |
Months of Supply 2.0 |
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| Up 11% Vs. Year Ago |
Up 43% Vs. Year Ago |
No Change Vs. Year Ago |
Down -6% Vs. Year Ago |
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Months of Supply
In August, there was 2.0 months of supply available in Chesapeake City, compared to 2.1 in August 2024. That is a decrease of 6% 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 475 homes newly listed for sale in Chesapeake City compared to 427 in August 2024, an increase of 11%. There were 398 current contracts pending sale this August compared to 279 a year ago. The number of current contracts is 43% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Chesapeake City was 99.9% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 28, which is similar compared to a year ago. | |||
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| *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. | |||
 Information included in this report is based on data supplied by REIN 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 REIN or Long & Foster Real Estate, Inc. |
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