The Long & Foster Market Minute

Focus On: Greene County Housing Market March 2021

Units Sold
17
Active Inventory
24
Median Sale Price
$312,000
Days On Market
31
Down -35%
Vs. Year Ago
Down -70%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -21%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 17 sold this month in Greene County Real Estate versus 15 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 35% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 56 units or 70%. The total number of active inventory this March was 24 compared to 80 in March 2020. This month's total of 24 is higher than the previous month's total supply of available inventory of 20, an increase of 20%.

Median Sale Price
Last March, the median sale price for Greene County Homes was $270,825. This March, the median sale price was $312,000, an increase of 15% or $41,175 compared to last year. The current median sold price is 2% lower 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
32
Current Contracts
27
Sold Vs. List Price
97.2%
Months of Supply
1.4
Down -18%
Vs. Year Ago
Up 35%
Vs. Year Ago
Down -1.6%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In March, there was 1.4 months of supply available in Greene County, compared to 3.1 in March 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 32 homes newly listed for sale in Greene County compared to 39 in March 2020, a decrease of 18%. There were 27 current contracts pending sale this March compared to 20 a year ago. The number of current contracts is 35% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Greene County was 97.2% of the average list price, which is 1.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 31, lower than the average last year, which was 39, a decrease of 21%.

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 CGAHR 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 CGAHR or Long & Foster Real Estate, Inc.