East End Housing Market Data

There was an increase in total units sold in September, with 71 sold this month in East End Real Estate versus 66 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 25% versus September 2020.

Versus last year, the total number of homes available this month is lower by 45 units or 39%. The total number of active inventory this September was 71 compared to 116 in September 2020. This month's total of 71 is lower than the previous month's total supply of available inventory of 82, a decrease of 13%.

Last September, the median sale price for East End Homes was $225,000. This September, the median sale price was $277,000, an increase of 23% or $52,000 compared to last year. The current median sold price is 6% 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.

In September, there was 1.0 months of supply available in East End, compared to 2.0 in September 2020. That is a decrease of 51% 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.

This month there were 72 homes newly listed for sale in East End compared to 67 in September 2020, an increase of 7%. There were 70 current contracts pending sale this September compared to 49 a year ago. The number of current contracts is 43% higher than last September.

In September, the average sale price in East End was 100.6% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 14, lower than the average last year, which was 19, a decrease of 26%.





Focus On: East End Housing Market			September 2021

Zip Code(s): 23223
Units Sold 71	Active Inventory 71	Median Sale Price $277,000	Days On Market 14

Up 25% Vs. Year Ago	Down -39% Vs. Year Ago	Up 23% Vs. Year Ago	Down -26% Vs. Year Ago


		Units Sold There was an increase in total units sold in September, with 71 sold this month in East End Real Estate versus 66 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 25% versus September 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 45 units or 39%. The total number of active inventory this September was 71 compared to 116 in September 2020. This month's total of 71 is lower than the previous month's total supply of available inventory of 82, a decrease of 13%.
		Median Sale Price Last September, the median sale price for East End Homes was $225,000. This September, the median sale price was $277,000, an increase of 23% or $52,000 compared to last year. The current median sold price is 6% 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 72	Current Contracts 70	Sold Vs. List Price 100.6%	Months of Supply 1.0

Up 7% Vs. Year Ago	Up 43% Vs. Year Ago	No Change Vs. Year Ago	Down -51% Vs. Year Ago


		Months of Supply In September, there was 1.0 months of supply available in East End, compared to 2.0 in September 2020. That is a decrease of 51% 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 72 homes newly listed for sale in East End compared to 67 in September 2020, an increase of 7%. There were 70 current contracts pending sale this September compared to 49 a year ago. The number of current contracts is 43% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in East End was 100.6% 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 14, lower than the average last year, which was 19, a decrease of 26%.


	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.