The Long & Foster Market Minute

Focus On: Northampton County Housing Market May 2020

Units Sold
13
Active Inventory
117
Median Sale Price
$195,000
Days On Market
127
Up
Vs. Year Ago
Down -29%
Vs. Year Ago
Down
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in May, with 13 sold this month in Northampton County Real Estate. This month's total units sold was higher than at this time last year, an increase from May 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 29%. The total number of active inventory this May was 117 compared to 165 in May 2019. This month's total of 117 is lower than the previous month's total supply of available inventory of 120, a decrease of 3%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last May, the median sale price for Northampton County Homes was $254,000. This May, the median sale price was $195,000, a decrease of $59,000 compared to last year. The current median sold price is 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.


New Listings
29
Current Contracts
24
Sold Vs. List Price
95.3%
Months of Supply
9.0
Up 12%
Vs. Year Ago
Up 26%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
Down -40%
Vs. Year Ago

Months of Supply
In May, there was 9.0 months of supply available in Northampton County, compared to 15.0 in May 2019. That is a decrease of 40% 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 29 homes newly listed for sale in Northampton County compared to 26 in May 2019, an increase of 12%. There were 24 current contracts pending sale this May compared to 19 a year ago. The number of current contracts is 26% higher than last May.

Sale Price to List Price Ratio
In May, the average sale price in Northampton County was 95.3% of the average list price, which is 1.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 127, lower than the average last year, which was 311. This decrease was impacted by the limited number of sales.

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 ESAOR 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 ESAOR or Long & Foster Real Estate, Inc.