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| SEPTEMBER 2025 | |||
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| Units Sold 163 |
Active Inventory 341 |
Median Sale Price $300,000 |
Days On Market 43 |
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| No Change Vs. Year Ago |
Up 18% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 23% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 163 sold this month in Newport News City Real Estate, a decrease of 9%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 51 units or 18%. The total number of active inventory this September was 341 compared to 290 in September 2024. This month's total of 341 is lower than the previous month's total supply of available inventory of 409, a decrease of 17%. |
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Median Sale Price
Last September, the median sale price for Newport News City Homes was $287,000. This September, the median sale price was $300,000, an increase of 5% or $13,000 compared to last year. The current median sold price is 2% 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. |
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| New Listings 226 |
Current Contracts 217 |
Sold Vs. List Price 99.5% |
Months of Supply 2.1 |
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| Up 11% Vs. Year Ago |
Up 5% Vs. Year Ago |
No Change Vs. Year Ago |
Up 17% Vs. Year Ago |
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Months of Supply
In September, there was 2.1 months of supply available in Newport News City, compared to 1.8 in September 2024. That is an increase of 18% 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 226 homes newly listed for sale in Newport News City compared to 203 in September 2024, an increase of 11%. There were 217 current contracts pending sale this September compared to 206 a year ago. The number of current contracts is 5% higher than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Newport News City was 99.5% 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 43, higher than the average last year, which was 35, an increase of 23%. | |||
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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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