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| AUGUST 2024 | |||
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| Units Sold 177 |
Active Inventory 576 |
Median Sale Price $452,000 |
Days On Market 55 |
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| Down -2% Vs. Year Ago |
Up 52% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 96% Vs. Year Ago |
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Units Sold
The number of units sold remained stable in August, with 177 sold this month in Worcester County Real Estate. This month's total units sold was lower than at this time last year, a decrease of 12% versus August 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 196 units or 52%. The total number of active inventory this August was 576 compared to 380 in August 2023. This month's total of 576 is higher than the previous month's total supply of available inventory of 548, an increase of 5%. |
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Median Sale Price
Last August, the median sale price for Worcester County Homes was $439,900. This August, the median sale price was $452,000, an increase of 3% or $12,100 compared to last year. The current median sold price is 3% higher than in July. 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 247 |
Current Contracts 178 |
Sold Vs. List Price 97.3% |
Months of Supply 3.3 |
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| Up 12% Vs. Year Ago |
Up 12% Vs. Year Ago |
Down -0.9% Vs. Year Ago |
Up 54% Vs. Year Ago |
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Months of Supply
In August, there was 3.3 months of supply available in Worcester County, compared to 2.1 in August 2023. That is an increase of 54% 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 247 homes newly listed for sale in Worcester County compared to 221 in August 2023, an increase of 12%. There were 178 current contracts pending sale this August compared to 159 a year ago. The number of current contracts is 12% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Worcester County was 97.3% of the average list price, which is 0.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 55, higher than the average last year, which was 28, an increase of 96%. | |||
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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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