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| MAY 2025 | |||
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| Units Sold 67 |
Active Inventory 181 |
Median Sale Price $157,000 |
Days On Market 55 |
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| Down -1% Vs. Year Ago |
Down -10% Vs. Year Ago |
Up 6% Vs. Year Ago |
Down -10% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 67 sold this month in Allegany County Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 20 units or 10%. The total number of active inventory this May was 181 compared to 201 in May 2024. This month's total of 181 is lower than the previous month's total supply of available inventory of 202, a decrease of 10%. |
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Median Sale Price
Last May, the median sale price for Allegany County Homes was $148,000. This May, the median sale price was approximately the same at $157,000. The current median sold price is 6% higher than in May 2024. 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 76 |
Current Contracts 81 |
Sold Vs. List Price 96.3% |
Months of Supply 2.7 |
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| Down -8% Vs. Year Ago |
Up 31% Vs. Year Ago |
Down -1.7% Vs. Year Ago |
Down -9% Vs. Year Ago |
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Months of Supply
In May, there was 2.7 months of supply available in Allegany County, compared to 3.0 in May 2024. That is a decrease of 9% 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 76 homes newly listed for sale in Allegany County compared to 83 in May 2024, a decrease of 8%. There were 81 current contracts pending sale this May compared to 62 a year ago. The number of current contracts is 31% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Allegany County was 96.3% of the average list price, which is 1.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 55, lower than the average last year, which was 61, a decrease of 10%. | |||
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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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