The Long & Foster Market Minute

Focus On: Southampton and Holland Housing Market March 2021

Zip Code(s): 18966
Units Sold
37
Active Inventory
16
Median Sale Price
$370,000
Days On Market
20
Up 19%
Vs. Year Ago
Down -64%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 37 sold this month in Southampton and Holland Real Estate versus 28 last month, an increase of 32%. This month's total units sold was higher than at this time last year, an increase of 19% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 29 units or 64%. The total number of active inventory this March was 16 compared to 45 in March 2020. This month's total of 16 is higher than the previous month's total supply of available inventory of 13, an increase of 23%.

Median Sale Price
Last March, the median sale price for Southampton and Holland Homes was $357,250. This March, the median sale price was $370,000, an increase of 4% or $12,750 compared to last year. The current median sold price is 12% higher than in February.

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


New Listings
58
Current Contracts
52
Sold Vs. List Price
100.4%
Months of Supply
0.4
Up 26%
Vs. Year Ago
Up 68%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -70%
Vs. Year Ago

Months of Supply
In March, there was 0.4 months of supply available in Southampton and Holland, compared to 1.5 in March 2020. That is a decrease of 70% 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 58 homes newly listed for sale in Southampton and Holland compared to 46 in March 2020, an increase of 26%. There were 52 current contracts pending sale this March compared to 31 a year ago. The number of current contracts is 68% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Southampton and Holland was 100.4% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 23, a decrease of 13%.

The Long & Foster Market Minute Southampton and Holland are defined as properties listed in zip code/s 18966.
*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 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.