The Long & Foster Market Minute

Focus On: Westhampton Housing Market December 2019

Zip Code(s): 23226
Units Sold
42
Active Inventory
22
Median Sale Price
$416,475
Days On Market
29
Up
Vs. Year Ago
Down -33%
Vs. Year Ago
Down -1%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 42 sold this month in Westhampton Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 33%. The total number of active inventory this December was 22 compared to 33 in December 2018. This month's total of 22 is lower than the previous month's total supply of available inventory of 37, a decrease of 41%.

Median Sale Price
Last December, the median sale price for Westhampton Homes was $422,500. This December, the median sale price was $416,475, a decrease of 1% or $6,025 compared to last year. The current median sold price is 18% higher than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
12
Current Contracts
18
Sold Vs. List Price
99.8%
Months of Supply
0.5
Up 140%
Vs. Year Ago
Up 64%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -53%
Vs. Year Ago

Months of Supply
In December, there was 0.5 months of supply available in Westhampton, compared to 1.1 in December 2018. That is a decrease of 52% 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 12 homes newly listed for sale in Westhampton compared to 5 in December 2018, an increase of 140%. There were 18 current contracts pending sale this December compared to 11 a year ago. The number of current contracts is 64% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Westhampton was 99.8% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 29, which is similar compared to a year ago.

The Long & Foster Market Minute Westhampton are defined as properties listed in zip code/s 23226.
*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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.