The Long & Foster Market Minute

Focus On: Greene County Housing Market October 2019

Units Sold
23
Active Inventory
91
Median Sale Price
$295,000
Days On Market
35
Down -12%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 23 sold this month in Greene County Real Estate versus 25 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 12% versus October 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 13 units or 17%. The total number of active inventory this October was 91 compared to 78 in October 2018. This month's total of 91 is higher than the previous month's total supply of available inventory of 89, an increase of 2%.

Median Sale Price
Last October, the median sale price for Greene County Homes was $242,615. This October, the median sale price was $295,000, an increase of 22% or $52,385 compared to last year. The current median sold price is 14% higher than in September.

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


New Listings
33
Current Contracts
20
Sold Vs. List Price
99.7%
Months of Supply
4.0
Up 22%
Vs. Year Ago
No Change
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Up 32%
Vs. Year Ago

Months of Supply
In October, there was 4.0 months of supply available in Greene County, compared to 3.0 in October 2018. That is an increase of 32% 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 33 homes newly listed for sale in Greene County compared to 27 in October 2018, an increase of 22%. There were 20 current contracts pending sale this October, consistent with the volume a year ago. The number of current contracts is 26% lower than last month.

Sale Price to List Price Ratio
In October, the average sale price in Greene County was 99.7% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 35, lower than the average last year, which was 37, a decrease of 5%.

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 CGAHR 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 CGAHR or Long & Foster Real Estate, Inc.