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| Focus On: Worcester County Housing Market | June 2020 | ||
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| Units Sold 274 |
Active Inventory 575 |
Median Sale Price $279,900 |
Days On Market 105 |
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| Up 24% Vs. Year Ago |
Down -48% Vs. Year Ago |
Up 19% Vs. Year Ago |
Up 40% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 274 sold this month in Worcester County Real Estate. This month's total units sold was higher 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 529 units or 48%. The total number of active inventory this June was 575 compared to 1,104 in June 2019. This month's total of 575 is lower than the previous month's total supply of available inventory of 737, a decrease of 22%. |
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Median Sale Price
Last June, the median sale price for Worcester County Homes was $235,000. This June, the median sale price was $279,900, an increase of 19% or $44,900 compared to last year. The current median sold price is 14% higher than in May. 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 243 |
Current Contracts 372 |
Sold Vs. List Price 97.2% |
Months of Supply 2.1 |
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| Up 7% Vs. Year Ago |
Up 97% Vs. Year Ago |
Up 1.3% Vs. Year Ago |
Down -58% Vs. Year Ago |
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Months of Supply
In June, there was 2.1 months of supply available in Worcester County, compared to 5.0 in June 2019. That is a decrease of 58% 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 243 homes newly listed for sale in Worcester County compared to 227 in June 2019, an increase of 7%. There were 372 current contracts pending sale this June compared to 189 a year ago. The number of current contracts is 97% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Worcester County was 97.2% of the average list price, which is 1.2% higher than at this time last year. Days on Market
This month, the average number of days on market was 105, higher than the average last year, which was 75, an increase of 40%. | |||
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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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