CUMBERLAND COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 8 sold this month in Cumberland County Real Estate versus 6 last month, an increase of 33%. This month's total units sold was lower than at this time last year, a decrease of 11% versus May 2024.

Versus last year, the total number of homes available this month is higher by 22 units or 23%. The total number of active inventory this May was 119 compared to 97 in May 2024. This month's total of 119 is higher than the previous month's total supply of available inventory of 110, an increase of 8%.

Last May, the median sale price for Cumberland County Homes was $336,000. This May, the median sale price was $267,500, a decrease of 20% or $68,500 compared to last year. The current median sold price is 2% higher than in April.

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

In May, there was 14.9 months of supply available in Cumberland County, compared to 10.8 in May 2024. That is an increase of 38% 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.

This month there were 19 homes newly listed for sale in Cumberland County compared to 13 in May 2024, an increase of 46%. There were 7 current contracts pending sale this May compared to 10 a year ago. The number of current contracts is 30% lower than last May.

In May, the average sale price in Cumberland County was 99.2% of the average list price, which is 1.7% lower than at this time last year.

This month, the average number of days on market was 84, higher than the average last year, which was 23. This increase was impacted by the limited number of sales.





FOCUS ON: CUMBERLAND COUNTY HOUSING MARKET			MAY 2025

Units Sold 8	Active Inventory 119	Median Sale Price $267,500	Days On Market 84

Down -11% Vs. Year Ago	Up 23% Vs. Year Ago	Down -20% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 8 sold this month in Cumberland County Real Estate versus 6 last month, an increase of 33%. This month's total units sold was lower than at this time last year, a decrease of 11% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 22 units or 23%. The total number of active inventory this May was 119 compared to 97 in May 2024. This month's total of 119 is higher than the previous month's total supply of available inventory of 110, an increase of 8%.
		Median Sale Price Last May, the median sale price for Cumberland County Homes was $336,000. This May, the median sale price was $267,500, a decrease of 20% or $68,500 compared to last year. The current median sold price is 2% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 19	Current Contracts 7	Sold Vs. List Price 99.2%	Months of Supply 14.9

Up 46% Vs. Year Ago	Down -30% Vs. Year Ago	Down -1.7% Vs. Year Ago	Up 38% Vs. Year Ago


		Months of Supply In May, there was 14.9 months of supply available in Cumberland County, compared to 10.8 in May 2024. That is an increase of 38% 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 19 homes newly listed for sale in Cumberland County compared to 13 in May 2024, an increase of 46%. There were 7 current contracts pending sale this May compared to 10 a year ago. The number of current contracts is 30% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Cumberland County was 99.2% of the average list price, which is 1.7% lower than at this time last year. Days on Market This month, the average number of days on market was 84, higher than the average last year, which was 23. This increase was impacted by the limited number of sales.



	*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.