The Long & Foster Market Minute

Focus On: Northern Neck/Middle Peninsula Housing Market September 2019

Units Sold
0
Active Inventory
0
Median Sale Price
$0
Days On Market
0
Down
Vs. Year Ago
Down -100%
Vs. Year Ago
Down
Vs. Year Ago
Not Applicable
Vs. Year Ago

Units Sold
There was a decrease in totals units sold in September, with zero sold this month in Northern Neck/Middle Peninsula Real Estate, versus 190 last month. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1,181 units or 100%. The total number of active inventory this September was 0 compared to 1,181 in September 2018. This month's total of 0 is lower than the previous month's total supply of available inventory of 1,151, a decrease of 100%.

Median Sale Price
This September, there were no Northern Neck/Middle Peninsula Homes sold. Last year at this time the median sale price was $225,500, while last month it was $225,000.

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


New Listings
0
Current Contracts
0
Sold Vs. List Price
0.0%
Months of Supply
0.0
Down
Vs. Year Ago
Down
Vs. Year Ago
Not Applicable
Vs. Year Ago
Down
Vs. Year Ago

Months of Supply
There were no sales in Northern Neck/Middle Peninsula. Last month, there was 6.1 supply available in Northern Neck/Middle Peninsula. In September 2018, it was 8.6.

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 no new homes listed for sale in Northern Neck/Middle Peninsula compared to 161 in September 2018. There were no current contracts pending sale this September. Last month, there were 190 contracts pending.

Sale Price to List Price Ratio
There were no sales in Northern Neck/Middle Peninsula this month. Last month, the Sales Price to List Price Ratio was 96.0%.

Days on Market
This month, there were no sales in Northern Neck/Middle Peninsula. Last month, the average days on market was 111.

The Long & Foster Market Minute *Defined as the counties of Essex, Gloucester, Lancaster, Mathews, Middlesex, Northumberland, and Westmoreland in VA
*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 CBRAR/NNAR/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 CBRAR/NNAR/BRIGHTMLS or Long & Foster Real Estate, Inc.