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| MAY 2025 | |||
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| Units Sold 22 |
Active Inventory 103 |
Median Sale Price $381,188 |
Days On Market 94 |
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| Down Vs. Year Ago |
Up 27% Vs. Year Ago |
No Change Vs. Year Ago |
Down -12% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in May, with 22 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 May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 27%. The total number of active inventory this May was 103 compared to 81 in May 2024. This month's total of 103 is higher than the previous month's total supply of available inventory of 98, an increase of 5%. |
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Median Sale Price
Last May, the median sale price for Northumberland County Homes was $382,500. This May, the median sale price was $381,188, which is similar compared to a year ago. The current median sold price is 25% 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. |
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| New Listings 43 |
Current Contracts 31 |
Sold Vs. List Price 97.2% |
Months of Supply 4.7 |
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| Up 7% Vs. Year Ago |
Up 19% Vs. Year Ago |
No Change Vs. Year Ago |
Up 62% Vs. Year Ago |
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Months of Supply
In May, there was 4.7 months of supply available in Northumberland County, compared to 2.9 in May 2024. That is an increase of 62% 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 43 homes newly listed for sale in Northumberland County compared to 40 in May 2024, an increase of 8%. There were 31 current contracts pending sale this May compared to 26 a year ago. The number of current contracts is 19% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Northumberland County was 97.2% 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 94, lower than the average last year, which was 107, a decrease of 12%. | |||
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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 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. |
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