The Long & Foster Market Minute

Focus On: Manchester, Holiday City and Leisure Village Housing Market September 2021

Zip Code(s): 08759, 08757 and 08755
Units Sold
257
Active Inventory
342
Median Sale Price
$265,000
Days On Market
25
Down -20%
Vs. Year Ago
Down -33%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -48%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 257 sold this month in Manchester, Holiday City and Leisure Village Real Estate versus 278 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 20% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 166 units or 33%. The total number of active inventory this September was 342 compared to 508 in September 2020. This month's total of 342 is higher than the previous month's total supply of available inventory of 339, an increase of 1%.

Median Sale Price
Last September, the median sale price for Manchester, Holiday City and Leisure Village Homes was $225,000. This September, the median sale price was approximately the same at $265,000. The current median sold price is 18% higher than in September 2020.

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


New Listings
346
Current Contracts
292
Sold Vs. List Price
103.5%
Months of Supply
1.3
Up 1%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 3.9%
Vs. Year Ago
Down -16%
Vs. Year Ago

Months of Supply
In September, there was 1.3 months of supply available in Manchester, Holiday City and Leisure Village, compared to 1.6 in September 2020. That is a decrease of 16% 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 346 homes newly listed for sale in Manchester, Holiday City and Leisure Village compared to 341 in September 2020, an increase of 1%. There were 292 current contracts pending sale this September compared to 321 a year ago. The number of current contracts is 9% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Manchester, Holiday City and Leisure Village was 103.5% of the average list price, which is 3.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 48, a decrease of 48%.

The Long & Foster Market Minute Manchester, Holiday City and Leisure Village are defined as properties listed in zip code/s 08759, 08757 and 08755.
*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 MOMLS 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 MOMLS or Long & Foster Real Estate, Inc.