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| Focus On: Worcester County Housing Market | August 2023 | ||
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| Units Sold 174 |
Active Inventory 350 |
Median Sale Price $439,950 |
Days On Market 27 |
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| Up 1% Vs. Year Ago |
Up 19% Vs. Year Ago |
Up 14% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in August, with 174 sold this month in Worcester County Real Estate versus 148 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 1% versus August 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 55 units or 19%. The total number of active inventory this August was 350 compared to 295 in August 2022. This month's total of 350 is higher than the previous month's total supply of available inventory of 341, an increase of 3%. |
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Median Sale Price
Last August, the median sale price for Worcester County Homes was $385,000. This August, the median sale price was $439,950, an increase of 14% or $54,950 compared to last year. The current median sold price is 7% 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 215 |
Current Contracts 169 |
Sold Vs. List Price 98.2% |
Months of Supply 2.0 |
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| Up 8% Vs. Year Ago |
Down -9% Vs. Year Ago |
No Change Vs. Year Ago |
Up 18% Vs. Year Ago |
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Months of Supply
In August, there was 2.0 months of supply available in Worcester County, compared to 1.7 in August 2022. That is an increase of 18% 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 215 homes newly listed for sale in Worcester County compared to 199 in August 2022, an increase of 8%. There were 169 current contracts pending sale this August compared to 186 a year ago. The number of current contracts is 9% lower than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Worcester County was 98.2% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 27, which is similar compared to a year ago. | |||
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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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