The Long & Foster Market Minute

Focus On: Greene County Housing Market August 2021

Units Sold
18
Active Inventory
50
Median Sale Price
$318,950
Days On Market
59
Down -14%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 26%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 18 sold this month in Greene County Real Estate versus 26 last month, a decrease of 31%. This month's total units sold was lower than at this time last year, a decrease of 14% versus August 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 2 units or 4%. The total number of active inventory this August was 50 compared to 48 in August 2020. This month's total of 50 is higher than the previous month's total supply of available inventory of 41, an increase of 22%.

Median Sale Price
Last August, the median sale price for Greene County Homes was $299,900. This August, the median sale price was $318,950, an increase of 6% or $19,050 compared to last year. The current median sold price is 11% lower than in July.

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


New Listings
36
Current Contracts
26
Sold Vs. List Price
98.5%
Months of Supply
2.8
Up 80%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Up 21%
Vs. Year Ago

Months of Supply
In August, there was 2.8 months of supply available in Greene County, compared to 2.3 in August 2020. That is an increase of 22% 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 36 homes newly listed for sale in Greene County compared to 20 in August 2020, an increase of 80%. There were 26 current contracts pending sale this August compared to 27 a year ago. The number of current contracts is 4% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Greene County was 98.5% of the average list price, which is 0.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 59, higher than the average last year, which was 47, an increase of 26%.

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 CGAHR 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 CGAHR or Long & Foster Real Estate, Inc.