The Long & Foster Market Minute

Focus On: Grafton, Seaford, and Yorktown Housing Market March 2021

Zip Code(s): 23690, 23692 and 23696
Units Sold
36
Active Inventory
43
Median Sale Price
$333,750
Days On Market
35
Up
Vs. Year Ago
Down -68%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -46%
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 36 sold this month in Grafton, Seaford, and Yorktown Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 90 units or 68%. The total number of active inventory this March was 43 compared to 133 in March 2020. This month's total of 43 is lower than the previous month's total supply of available inventory of 58, a decrease of 26%.

Median Sale Price
Last March, the median sale price for Grafton, Seaford, and Yorktown Homes was $297,500. This March, the median sale price was $333,750, an increase of 12% or $36,250 compared to last year. The current median sold price is 5% 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
52
Current Contracts
60
Sold Vs. List Price
100.6%
Months of Supply
1.2
Down -13%
Vs. Year Ago
Up 25%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -71%
Vs. Year Ago

Months of Supply
In March, there was 1.2 months of supply available in Grafton, Seaford, and Yorktown, compared to 4.2 in March 2020. That is a decrease of 71% 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 52 homes newly listed for sale in Grafton, Seaford, and Yorktown compared to 60 in March 2020, a decrease of 13%. There were 60 current contracts pending sale this March compared to 48 a year ago. The number of current contracts is 25% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Grafton, Seaford, and Yorktown was 100.6% of the average list price, which is 2.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 35, lower than the average last year, which was 65, a decrease of 46%.

The Long & Foster Market Minute Grafton, Seaford, and Yorktown are defined as properties listed in zip code/s 23690, 23692 and 23696.
*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.