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| Focus On: Warren County Housing Market | June 2021 | ||
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| Units Sold 98 |
Active Inventory 98 |
Median Sale Price $340,000 |
Days On Market 22 |
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| Up 32% Vs. Year Ago |
Down -46% Vs. Year Ago |
Up 32% Vs. Year Ago |
Down -45% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 98 sold this month in Warren County Real Estate versus 97 last month, an increase of 1%. This month's total units sold was higher than at this time last year, an increase of 32% versus June 2020. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 84 units or 46%. The total number of active inventory this June was 98 compared to 182 in June 2020. This month's total of 98 is higher than the previous month's total supply of available inventory of 80, an increase of 23%. |
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Median Sale Price
Last June, the median sale price for Warren County Homes was $258,500. This June, the median sale price was $340,000, an increase of $81,500 compared to last year. The current median sold price is higher 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 107 |
Current Contracts 76 |
Sold Vs. List Price 100.0% |
Months of Supply 1.0 |
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| Up 10% Vs. Year Ago |
Down -14% Vs. Year Ago |
No Change Vs. Year Ago |
Down -59% Vs. Year Ago |
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Months of Supply
In June, there was 1.0 months of supply available in Warren County, compared to 2.5 in June 2020. That is a decrease of 59% 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 107 homes newly listed for sale in Warren County compared to 97 in June 2020, an increase of 10%. There were 76 current contracts pending sale this June compared to 88 a year ago. The number of current contracts is 14% lower than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Warren County was 100.0% 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 22, lower than the average last year, which was 40, a decrease of 45%. | |||
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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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc. |
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