The Long & Foster Market Minute

Focus On: Davidson County Housing Market September 2021

Units Sold
228
Active Inventory
208
Median Sale Price
$256,500
Days On Market
14
Up 5%
Vs. Year Ago
Down -26%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -70%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 228 sold this month in Davidson County Real Estate versus 244 last month, a decrease of 7%. This month's total units sold was higher than at this time last year, an increase of 5% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 74 units or 26%. The total number of active inventory this September was 208 compared to 282 in September 2020. This month's total of 208 is lower than the previous month's total supply of available inventory of 220, a decrease of 5%.

Median Sale Price
Last September, the median sale price for Davidson County Homes was $212,420. This September, the median sale price was $256,500, an increase of 21% or $44,080 compared to last year. The current median sold price is 12% higher than in August.

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


New Listings
305
Current Contracts
292
Sold Vs. List Price
100.2%
Months of Supply
0.9
Up 33%
Vs. Year Ago
Up 30%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Down -30%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Davidson County, compared to 1.3 in September 2020. That is a decrease of 30% 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 305 homes newly listed for sale in Davidson County compared to 229 in September 2020, an increase of 33%. There were 292 current contracts pending sale this September compared to 224 a year ago. The number of current contracts is 30% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Davidson County was 100.2% 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 14, lower than the average last year, which was 46, a decrease of 70%.

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 TRIAD 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 TRIAD or Long & Foster Real Estate, Inc.