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| JUNE 2025 | |||
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| Units Sold 8 |
Active Inventory 121 |
Median Sale Price $302,320 |
Days On Market 132 |
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| Down -33% Vs. Year Ago |
Up 22% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 20% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 8 sold this month in Cumberland County Real Estate versus 11 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 33% versus June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 22%. The total number of active inventory this June was 121 compared to 99 in June 2024. This month's total of 121 is lower than the previous month's total supply of available inventory of 122, a decrease of 1%. |
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Median Sale Price
Last June, the median sale price for Cumberland County Homes was $297,500. This June, the median sale price was $302,320, an increase of 2% or $4,820 compared to last year. The current median sold price is 11% higher than in May. 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 10 |
Current Contracts 8 |
Sold Vs. List Price 95.8% |
Months of Supply 15.1 |
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| Down -29% Vs. Year Ago |
Down -11% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up Vs. Year Ago |
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Months of Supply
In June, there was 15.1 months of supply available in Cumberland County, compared to 8.3 in June 2024. That is an increase 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 10 homes newly listed for sale in Cumberland County compared to 14 in June 2024, a decrease of 29%. There were 8 current contracts pending sale this June compared to 9 a year ago. The number of current contracts is 11% lower than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Cumberland County was 95.8% of the average list price, which is 1.0% lower than at this time last year. Days on Market
This month, the average number of days on market was 132, higher than the average last year, which was 110, an increase of 20%. | |||
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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 SJSMLS 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 SJSMLS or Long & Foster Real Estate, Inc. |
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