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FOCUS ON: WESTMORELAND COUNTY HOUSING MARKET |
JULY 2025 |
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Units Sold
33 |
Active Inventory
155 |
Median Sale Price
$315,000 |
Days On Market
72 |
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Down -11%
Vs. Year Ago |
Up 29%
Vs. Year Ago |
Down -2%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 33 sold this month in Westmoreland County Real Estate versus 40 last month, a decrease of 18%. This month's total units sold was lower than at this time last year, a decrease of 11% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 35 units or 29%. The total number of active inventory this July was 155 compared to 120 in July 2024. This month's total of 155 is lower than the previous month's total supply of available inventory of 162, a decrease of 4%.
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Median Sale Price
Last July, the median sale price for Westmoreland County Homes was $320,000. This July, the median sale price was $315,000, a decrease of 2% or $5,000 compared to last year. The current median sold price is 7% lower 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.
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New Listings
42 |
Current Contracts
32 |
Sold Vs. List Price
98.4% |
Months of Supply
4.7 |
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Down -24%
Vs. Year Ago |
Down -36%
Vs. Year Ago |
Down -1%
Vs. Year Ago |
Up 45%
Vs. Year Ago |
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Months of Supply
In July, there was 4.7 months of supply available in Westmoreland County, compared to 3.2 in July 2024. That is an increase of 45% 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 42 homes newly listed for sale in Westmoreland County compared to 55 in July 2024, a decrease of 24%. There were 32 current contracts pending sale this July compared to 50 a year ago. The number of current contracts is 36% lower than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Westmoreland County was 98.4% of the average list price, which is 1.0% lower than at this time last year.
Days on Market
This month, the average number of days on market was 72, higher than the average last year, which was 47. This increase was impacted by the limited number of sales.
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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. |