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| Focus On: Worcester County Housing Market | July 2019 | ||
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| Units Sold 177 |
Active Inventory 1,030 |
Median Sale Price $275,000 |
Days On Market 109 |
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| Down -8% Vs. Year Ago |
Down -12% Vs. Year Ago |
Up 17% Vs. Year Ago |
Up 7% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 177 sold this month in Worcester County Real Estate versus 221 last month, a decrease of 20%. This month's total units sold was lower than at this time last year, a decrease of 8% versus July 2018. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 138 units or 12%. The total number of active inventory this July was 1,030 compared to 1,168 in July 2018. This month's total of 1,030 is lower than the previous month's total supply of available inventory of 1,104, a decrease of 7%. |
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Median Sale Price
Last July, the median sale price for Worcester County Homes was $234,950. This July, the median sale price was $275,000, an increase of 17% or $40,050 compared to last year. The current median sold price is 17% higher than in June. 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 254 |
Current Contracts 219 |
Sold Vs. List Price 96.3% |
Months of Supply 5.8 |
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| Up 9% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 0.9% Vs. Year Ago |
Down -4% Vs. Year Ago |
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Months of Supply
In July, there was 5.8 months of supply available in Worcester County, compared to 6.1 in July 2018. That is a decrease of 4% 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 254 homes newly listed for sale in Worcester County compared to 233 in July 2018, an increase of 9%. There were 219 current contracts pending sale this July compared to 205 a year ago. The number of current contracts is 7% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Worcester County was 96.3% of the average list price, which is 0.9% higher than at this time last year. Days on Market
This month, the average number of days on market was 109, higher than the average last year, which was 102, an increase of 7%. | |||
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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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