The Long & Foster Market Minute

Focus On: Worcester County Housing Market December 2019

Units Sold
183
Active Inventory
880
Median Sale Price
$257,450
Days On Market
93
Up 25%
Vs. Year Ago
Down -23%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 183 sold this month in Worcester County Real Estate versus 186 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 25% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 261 units or 23%. The total number of active inventory this December was 880 compared to 1,141 in December 2018. This month's total of 880 is lower than the previous month's total supply of available inventory of 992, a decrease of 11%.

Median Sale Price
Last December, the median sale price for Worcester County Homes was $239,500. This December, the median sale price was $257,450, an increase of 7% or $17,950 compared to last year. The current median sold price is 11% lower than in November.

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


New Listings
132
Current Contracts
113
Sold Vs. List Price
97.8%
Months of Supply
4.8
Up 14%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 2.1%
Vs. Year Ago
Down -38%
Vs. Year Ago

Months of Supply
In December, there was 4.8 months of supply available in Worcester County, compared to 7.8 in December 2018. That is a decrease of 38% 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 132 homes newly listed for sale in Worcester County compared to 116 in December 2018, an increase of 14%. There were 113 current contracts pending sale this December compared to 101 a year ago. The number of current contracts is 12% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Worcester County was 97.8% of the average list price, which is 2.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 93, lower than the average last year, which was 101, a decrease of 8%.

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 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.