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| JUNE 2025 | |||
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| Units Sold 167 |
Active Inventory 449 |
Median Sale Price $383,791 |
Days On Market 38 |
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| Down -13% Vs. Year Ago |
Down -12% Vs. Year Ago |
Down -4% Vs. Year Ago |
Up 27% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 167 sold this month in Suffolk City Real Estate versus 179 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 13% versus June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 60 units or 12%. The total number of active inventory this June was 449 compared to 509 in June 2024. This month's total of 449 is lower than the previous month's total supply of available inventory of 463, a decrease of 3%. |
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Median Sale Price
Last June, the median sale price for Suffolk City Homes was $400,000. This June, the median sale price was $383,791, a decrease of 4% or $16,209 compared to last year. The current median sold price is 10% lower than in May. 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 271 |
Current Contracts 201 |
Sold Vs. List Price 99.9% |
Months of Supply 2.7 |
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| Up 1% Vs. Year Ago |
Up 23% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In June, there was 2.7 months of supply available in Suffolk City. The amount of supply is similar compared to 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 271 homes newly listed for sale in Suffolk City compared to 267 in June 2024, an increase of 1%. There were 201 current contracts pending sale this June compared to 164 a year ago. The number of current contracts is 23% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Suffolk City was 99.9% 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 38, higher than the average last year, which was 30, an increase of 27%. | |||
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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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