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| Focus On: Worcester County Housing Market | October 2023 | ||
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| Units Sold 157 |
Active Inventory 436 |
Median Sale Price $430,000 |
Days On Market 30 |
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| Down -5% Vs. Year Ago |
Up 33% Vs. Year Ago |
Up 18% Vs. Year Ago |
Down -9% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in October, with 157 sold this month in Worcester County Real Estate versus 161 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 5% versus October 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 108 units or 33%. The total number of active inventory this October was 436 compared to 328 in October 2022. This month's total of 436 is higher than the previous month's total supply of available inventory of 407, an increase of 7%. |
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Median Sale Price
Last October, the median sale price for Worcester County Homes was $365,000. This October, the median sale price was $430,000, an increase of 18% or $65,000 compared to last year. The current median sold price is 2% lower 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. |
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| New Listings 225 |
Current Contracts 161 |
Sold Vs. List Price 98.5% |
Months of Supply 2.8 |
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| Up 23% Vs. Year Ago |
Up 34% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
Up 40% Vs. Year Ago |
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Months of Supply
In October, there was 2.8 months of supply available in Worcester County, compared to 2.0 in October 2022. That is an increase of 41% 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 225 homes newly listed for sale in Worcester County compared to 183 in October 2022, an increase of 23%. There were 161 current contracts pending sale this October compared to 120 a year ago. The number of current contracts is 34% higher than last October. |
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Sale Price to List Price Ratio
In October, the average sale price in Worcester County was 98.5% 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 30, lower than the average last year, which was 33, a decrease of 9%. | |||
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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 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. |
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