The Long & Foster Market Minute

Focus On: Adams County Housing Market September 2019

Units Sold
104
Active Inventory
391
Median Sale Price
$219,700
Days On Market
56
Down -12%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 104 sold this month in Adams County Real Estate versus 123 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 12% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 148 units or 27%. The total number of active inventory this September was 391 compared to 539 in September 2018. This month's total of 391 is lower than the previous month's total supply of available inventory of 462, a decrease of 15%.

Median Sale Price
Last September, the median sale price for Adams County Homes was $198,450. This September, the median sale price was $219,700, an increase of 11% or $21,250 compared to last year. The current median sold price is 2% higher than in August.

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


New Listings
114
Current Contracts
119
Sold Vs. List Price
98.3%
Months of Supply
3.8
Down -16%
Vs. Year Ago
Up 28%
Vs. Year Ago
No Change
Vs. Year Ago
Down -18%
Vs. Year Ago

Months of Supply
In September, there was 3.8 months of supply available in Adams County, compared to 4.6 in September 2018. That is a decrease of 18% 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 114 homes newly listed for sale in Adams County compared to 136 in September 2018, a decrease of 16%. There were 119 current contracts pending sale this September compared to 93 a year ago. The number of current contracts is 28% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Adams County was 98.3% 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 56, lower than the average last year, which was 65, a decrease of 14%.

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.