The Long & Foster Market Minute

Focus On: Adams County Housing Market July 2019

Units Sold
117
Active Inventory
433
Median Sale Price
$210,000
Days On Market
56
Down -6%
Vs. Year Ago
Down -18%
Vs. Year Ago
No Change
Vs. Year Ago
Up 10%
Vs. Year Ago

Units Sold
There was an increase in total units sold in July, with 117 sold this month in Adams County Real Estate versus 106 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 6% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 97 units or 18%. The total number of active inventory this July was 433 compared to 530 in July 2018. This month's total of 433 is lower than the previous month's total supply of available inventory of 440, a decrease of 2%.

Median Sale Price
Last July, the median sale price for Adams County Homes was $211,000. This July, the median sale price was $210,000, which is similar compared to a year ago. The current median sold price is 7% 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.


New Listings
152
Current Contracts
115
Sold Vs. List Price
98.5%
Months of Supply
3.7
Up 9%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Down -13%
Vs. Year Ago

Months of Supply
In July, there was 3.7 months of supply available in Adams County, compared to 4.2 in July 2018. That is a decrease of 13% 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 152 homes newly listed for sale in Adams County compared to 140 in July 2018, an increase of 9%. There were 115 current contracts pending sale this July compared to 122 a year ago. The number of current contracts is 6% lower than last July.

Sale Price to List Price Ratio
In July, the average sale price in Adams County was 98.5% of the average list price, which is 1.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 56, higher than the average last year, which was 51, an increase of 10%.

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.