The Long & Foster Market Minute

Focus On: Adams County Housing Market April 2020

Units Sold
102
Active Inventory
262
Median Sale Price
$222,450
Days On Market
74
Up 23%
Vs. Year Ago
Down -31%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 1%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 102 sold this month in Adams County Real Estate versus 83 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 23% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 119 units or 31%. The total number of active inventory this April was 262 compared to 381 in April 2019. This month's total of 262 is lower than the previous month's total supply of available inventory of 277, a decrease of 5%.

Median Sale Price
Last April, the median sale price for Adams County Homes was $194,000. This April, the median sale price was $222,450, an increase of 15% or $28,450 compared to last year. The current median sold price is 10% higher than in March.

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


New Listings
52
Current Contracts
44
Sold Vs. List Price
97.4%
Months of Supply
2.6
Down -69%
Vs. Year Ago
Down -63%
Vs. Year Ago
No Change
Vs. Year Ago
Down -44%
Vs. Year Ago

Months of Supply
In April, there was 2.6 months of supply available in Adams County, compared to 4.6 in April 2019. That is a decrease of 44% 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 52 homes newly listed for sale in Adams County compared to 170 in April 2019, a decrease of 69%. There were 44 current contracts pending sale this April compared to 120 a year ago. The number of current contracts is 63% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Adams County was 97.4% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 74, higher than the average last year, which was 73, an increase of 1%.

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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.