The Long & Foster Market Minute

Focus On: Rockingham County Housing Market September 2021

Units Sold
82
Active Inventory
111
Median Sale Price
$197,500
Days On Market
17
Down -1%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -59%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 82 sold this month in Rockingham County Real Estate versus 84 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 1% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 24 units or 18%. The total number of active inventory this September was 111 compared to 135 in September 2020. This month's total of 111 is lower than the previous month's total supply of available inventory of 115, a decrease of 3%.

Median Sale Price
Last September, the median sale price for Rockingham County Homes was $168,000. This September, the median sale price was $197,500, an increase of 18% or $29,500 compared to last year. The current median sold price is 7% 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
123
Current Contracts
109
Sold Vs. List Price
99.8%
Months of Supply
1.4
Up 35%
Vs. Year Ago
Up 33%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -17%
Vs. Year Ago

Months of Supply
In September, there was 1.4 months of supply available in Rockingham County, compared to 1.6 in September 2020. That is a decrease of 17% 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 123 homes newly listed for sale in Rockingham County compared to 91 in September 2020, an increase of 35%. There were 109 current contracts pending sale this September compared to 82 a year ago. The number of current contracts is 33% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Rockingham County was 99.8% of the average list price, which is 1.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 41, a decrease of 59%.

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.