Southampton County and Franklin City Housing Market Data

There was a decrease in total units sold in September, with 29 sold this month in Southampton County and Franklin City Real Estate versus 32 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 12% versus September 2020.

Versus last year, the total number of homes available this month is lower by 28 units or 39%. The total number of active inventory this September was 44 compared to 72 in September 2020. This month's total of 44 is lower than the previous month's total supply of available inventory of 57, a decrease of 23%.

Last September, the median sale price for Southampton County and Franklin City Homes was $192,000. This September, the median sale price was $200,000, an increase of 4% or $8,000 compared to last year. The current median sold price is 19% 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.

In September, there was 1.5 months of supply available in Southampton County and Franklin City, compared to 2.2 in September 2020. That is a decrease of 30% 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.

This month there were 36 homes newly listed for sale in Southampton County and Franklin City compared to 41 in September 2020, a decrease of 12%. There were 36 current contracts pending sale this September compared to 38 a year ago. The number of current contracts is 5% lower than last September.

In September, the average sale price in Southampton County and Franklin City was 99.4% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 48, lower than the average last year, which was 91, a decrease of 47%.





Focus On: Southampton County and Franklin City Housing Market			September 2021

Units Sold 29	Active Inventory 44	Median Sale Price $200,000	Days On Market 48

Down -12% Vs. Year Ago	Down -39% Vs. Year Ago	Up 4% Vs. Year Ago	Down -47% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 29 sold this month in Southampton County and Franklin City Real Estate versus 32 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 12% versus September 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 28 units or 39%. The total number of active inventory this September was 44 compared to 72 in September 2020. This month's total of 44 is lower than the previous month's total supply of available inventory of 57, a decrease of 23%.
		Median Sale Price Last September, the median sale price for Southampton County and Franklin City Homes was $192,000. This September, the median sale price was $200,000, an increase of 4% or $8,000 compared to last year. The current median sold price is 19% 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.



New Listings 36	Current Contracts 36	Sold Vs. List Price 99.4%	Months of Supply 1.5

Down -12% Vs. Year Ago	Down -5% Vs. Year Ago	No Change Vs. Year Ago	Down -30% Vs. Year Ago


		Months of Supply In September, there was 1.5 months of supply available in Southampton County and Franklin City, compared to 2.2 in September 2020. That is a decrease of 30% 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 36 homes newly listed for sale in Southampton County and Franklin City compared to 41 in September 2020, a decrease of 12%. There were 36 current contracts pending sale this September compared to 38 a year ago. The number of current contracts is 5% lower than last September.
		Sale Price to List Price Ratio In September, the average sale price in Southampton County and Franklin City was 99.4% 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 48, lower than the average last year, which was 91, a decrease of 47%.



	*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.