 |
|
 |
|
FOCUS ON: NORTHUMBERLAND COUNTY HOUSING MARKET |
APRIL 2025 |
|
Units Sold
13 |
Active Inventory
90 |
Median Sale Price
$505,000 |
Days On Market
81 |
|
|
|
|
Down
Vs. Year Ago |
Up 22%
Vs. Year Ago |
Up 6%
Vs. Year Ago |
Down
Vs. Year Ago |
|
|
|
Units Sold
With relatively few transactions, there was an increase in total units sold in April, with 13 sold this month in Northumberland County Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2024.
|
Active Inventory
Versus last year, the total number of homes available this month is higher by 16 units or 22%. The total number of active inventory this April was 90 compared to 74 in April 2024. This month's total of 90 is higher than the previous month's total supply of available inventory of 80, an increase of 13%.
|
|
|
Median Sale Price
Last April, the median sale price for Northumberland County Homes was $475,000. This April, the median sale price was $505,000, an increase of 6% or $30,000 compared to last year. The current median sold price is 11% higher than in March.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
|
|
|
|
New Listings
42 |
Current Contracts
22 |
Sold Vs. List Price
96.2% |
Months of Supply
6.9 |
|
|
|
|
Down -2%
Vs. Year Ago |
Down -29%
Vs. Year Ago |
Down -1.7%
Vs. Year Ago |
Up 97%
Vs. Year Ago |
|
|
|
Months of Supply
In April, there was 6.9 months of supply available in Northumberland County, compared to 3.5 in April 2024. That is an increase of 96% 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 42 homes newly listed for sale in Northumberland County compared to 43 in April 2024, a decrease of 2%. There were 22 current contracts pending sale this April compared to 31 a year ago. The number of current contracts is 29% lower than last April.
|
|
|
Sale Price to List Price Ratio
In April, the average sale price in Northumberland County was 96.2% of the average list price, which is 1.7% lower than at this time last year.
Days on Market
This month, the average number of days on market was 81, lower than the average last year, which was 190. This decrease was impacted by the limited number of sales.
|
|
|
 |
*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 NNAR 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 NNAR or Long & Foster Real Estate, Inc. |