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| MAY 2025 | |||
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| Zip Code(s): 23223 | |||
| Units Sold 63 |
Active Inventory 114 |
Median Sale Price $315,000 |
Days On Market 22 |
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| Down -9% Vs. Year Ago |
Up 36% Vs. Year Ago |
No Change Vs. Year Ago |
Down -54% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 63 sold this month in East End Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 30 units or 36%. The total number of active inventory this May was 114 compared to 84 in May 2024. This month's total of 114 is lower than the previous month's total supply of available inventory of 121, a decrease of 6%. |
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Median Sale Price
Last May, the median sale price for East End Homes was $316,175. This May, the median sale price was $315,000, which is similar compared to a year ago. The current median sold price is 5% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 69 |
Current Contracts 58 |
Sold Vs. List Price 99.1% |
Months of Supply 1.8 |
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| Up 15% Vs. Year Ago |
Up 38% Vs. Year Ago |
Down -2.5% Vs. Year Ago |
Up 48% Vs. Year Ago |
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Months of Supply
In May, there was 1.8 months of supply available in East End, compared to 1.2 in May 2024. That is an increase of 49% 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. |
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New Listings & Current Contracts
This month there were 69 homes newly listed for sale in East End compared to 60 in May 2024, an increase of 15%. There were 58 current contracts pending sale this May compared to 42 a year ago. The number of current contracts is 38% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in East End was 99.1% of the average list price, which is 2.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 48, a decrease of 54%. | |||
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East End are defined as properties listed in zip code/s 23223. | ||
| *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. | |||
 Information included in this report is based on data supplied by CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc. |
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