The Long & Foster Market Minute

Focus On: York County and Poquoson Housing Market September 2021

Units Sold
133
Active Inventory
127
Median Sale Price
$350,000
Days On Market
22
Down -3%
Vs. Year Ago
Down -55%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -37%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 133 sold this month in York County and Poquoson Real Estate versus 163 last month, a decrease of 18%. This month's total units sold was lower than at this time last year, a decrease of 3% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 156 units or 55%. The total number of active inventory this September was 127 compared to 283 in September 2020. This month's total of 127 is lower than the previous month's total supply of available inventory of 151, a decrease of 16%.

Median Sale Price
Last September, the median sale price for York County and Poquoson Homes was $325,000. This September, the median sale price was $350,000, an increase of 8% or $25,000 compared to last year. The current median sold price is 3% higher than in August.

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


New Listings
146
Current Contracts
154
Sold Vs. List Price
100.2%
Months of Supply
1.0
Down -14%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In September, there was 1.0 months of supply available in York County and Poquoson, compared to 2.1 in September 2020. That is a decrease of 54% 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 146 homes newly listed for sale in York County and Poquoson compared to 169 in September 2020, a decrease of 14%. There were 154 current contracts pending sale this September compared to 138 a year ago. The number of current contracts is 12% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in York County and Poquoson was 100.2% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 35, a decrease of 37%.

The Long & Foster Market Minute
*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 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.