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| MAY 2025 | |||
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| Units Sold 189 |
Active Inventory 304 |
Median Sale Price $295,000 |
Days On Market 33 |
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| Up 2% Vs. Year Ago |
Down -10% Vs. Year Ago |
Up 5% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 189 sold this month in Hampton City Real Estate versus 163 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 2% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 34 units or 10%. The total number of active inventory this May was 304 compared to 338 in May 2024. This month's total of 304 is lower than the previous month's total supply of available inventory of 357, a decrease of 15%. |
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Median Sale Price
Last May, the median sale price for Hampton City Homes was $280,000. This May, the median sale price was $295,000, an increase of 5% or $15,000 compared to last year. The current median sold price is 13% higher 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 236 |
Current Contracts 242 |
Sold Vs. List Price 100.4% |
Months of Supply 1.6 |
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| Down -10% Vs. Year Ago |
Up 31% Vs. Year Ago |
No Change Vs. Year Ago |
Down -12% Vs. Year Ago |
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Months of Supply
In May, there was 1.6 months of supply available in Hampton City, compared to 1.8 in May 2024. That is a decrease of 12% 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 236 homes newly listed for sale in Hampton City compared to 263 in May 2024, a decrease of 10%. There were 242 current contracts pending sale this May compared to 185 a year ago. The number of current contracts is 31% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Hampton City was 100.4% 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 33, which is similar compared to a year ago. | |||
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| *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 REIN 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 REIN or Long & Foster Real Estate, Inc. |
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