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| JULY 2025 | |||
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| Units Sold 4 |
Active Inventory 126 |
Median Sale Price $205,100 |
Days On Market 45 |
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| Down Vs. Year Ago |
Up 29% Vs. Year Ago |
Down Vs. Year Ago |
Down -49% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in July, with 4 sold this month in Cumberland County Real Estate. This month's total units sold was lower than at this time last year, a decrease from July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 28 units or 29%. The total number of active inventory this July was 126 compared to 98 in July 2024. This month's total of 126 is higher than the previous month's total supply of available inventory of 120, an increase of 5%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last July, the median sale price for Cumberland County Homes was $277,500. This July, the median sale price was $205,100, a decrease of $72,400 compared to last year. The current median sold price is lower than in June. 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 13 |
Current Contracts 6 |
Sold Vs. List Price 101.9% |
Months of Supply 31.5 |
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| Up 30% Vs. Year Ago |
Down -14% Vs. Year Ago |
Up 4.8% Vs. Year Ago |
Up Vs. Year Ago |
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Months of Supply
In July, there was 31.5 months of supply available in Cumberland County, compared to 10.9 in July 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 13 homes newly listed for sale in Cumberland County compared to 10 in July 2024, an increase of 30%. There were 6 current contracts pending sale this July compared to 7 a year ago. The number of current contracts is 14% lower than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Cumberland County was 101.9% of the average list price, which is 4.6% higher than at this time last year. Days on Market
This month, the average number of days on market was 45, lower than the average last year, which was 88, a decrease of 49%. | |||
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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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