The Long & Foster Market Minute

Focus On: Southampton and Holland Housing Market September 2021

Zip Code(s): 18966
Units Sold
46
Active Inventory
33
Median Sale Price
$372,750
Days On Market
16
Down -2%
Vs. Year Ago
Down -25%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 46 sold this month in Southampton and Holland Real Estate versus 65 last month, a decrease of 29%. This month's total units sold was lower than at this time last year, a decrease of 2% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 25%. The total number of active inventory this September was 33 compared to 44 in September 2020. This month's total of 33 is lower than the previous month's total supply of available inventory of 43, a decrease of 23%.

Median Sale Price
Last September, the median sale price for Southampton and Holland Homes was $375,000. This September, the median sale price was $372,750, a decrease of 1% or $2,250 compared to last year. The current median sold price is 19% lower 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
34
Current Contracts
41
Sold Vs. List Price
100.3%
Months of Supply
0.7
Down -32%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In September, there was 0.7 months of supply available in Southampton and Holland, compared to 0.9 in September 2020. That is a decrease of 23% 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 34 homes newly listed for sale in Southampton and Holland compared to 50 in September 2020, a decrease of 32%. There were 41 current contracts pending sale this September compared to 42 a year ago. The number of current contracts is 2% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Southampton and Holland was 100.3% 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 16, lower than the average last year, which was 22, a decrease of 27%.

The Long & Foster Market Minute Southampton and Holland are defined as properties listed in zip code/s 18966.
*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.