 |
|||
 |
|||
| | |||
| JULY 2025 | |||
| | |||
| Units Sold 166 |
Active Inventory 516 |
Median Sale Price $417,288 |
Days On Market 40 |
|
|
|
|
|
| Up 4% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 8% Vs. Year Ago |
Up 8% Vs. Year Ago |
| | |||
Units Sold
There was a decrease in total units sold in July, with 166 sold this month in Suffolk City Real Estate versus 174 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 4% versus July 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 2%. The total number of active inventory this July was 516 compared to 527 in July 2024. This month's total of 516 is lower than the previous month's total supply of available inventory of 525, a decrease of 2%. |
|||
Median Sale Price
Last July, the median sale price for Suffolk City Homes was $387,000. This July, the median sale price was $417,288, an increase of 8% or $30,288 compared to last year. The current median sold price is 9% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 297 |
Current Contracts 206 |
Sold Vs. List Price 98.8% |
Months of Supply 3.1 |
|
|
|
|
|
| Up 7% Vs. Year Ago |
Up 22% Vs. Year Ago |
Down -1.2% Vs. Year Ago |
Down -5% Vs. Year Ago |
| | |||
Months of Supply
In July, there was 3.1 months of supply available in Suffolk City, compared to 3.3 in July 2024. That is a decrease of 6% 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 297 homes newly listed for sale in Suffolk City compared to 278 in July 2024, an increase of 7%. There were 206 current contracts pending sale this July compared to 169 a year ago. The number of current contracts is 22% higher than last July. |
|||
Sale Price to List Price Ratio
In July, the average sale price in Suffolk City was 98.8% of the average list price, which is 1.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 40, higher than the average last year, which was 37, an increase of 8%. | |||
 |
|||
| *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. |
|||