The Long & Foster Market Minute

Focus On: Page County Housing Market March 2021

Units Sold
21
Active Inventory
18
Median Sale Price
$194,900
Days On Market
25
Up
Vs. Year Ago
Down -74%
Vs. Year Ago
Down -10%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 21 sold this month in Page County 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 51 units or 74%. The total number of active inventory this March was 18 compared to 69 in March 2020. This month's total of 18 is lower than the previous month's total supply of available inventory of 22, a decrease of 18%.

Median Sale Price
Last March, the median sale price for Page County Homes was $217,500. This March, the median sale price was $194,900, a decrease of 10% or $22,600 compared to last year. The current median sold price is 19% 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
23
Current Contracts
24
Sold Vs. List Price
96.2%
Months of Supply
0.9
No Change
Vs. Year Ago
Up 85%
Vs. Year Ago
Down -3.6%
Vs. Year Ago
Down -86%
Vs. Year Ago

Months of Supply
In March, there was 0.9 months of supply available in Page County, compared to 6.3 in March 2020. That is a decrease of 86% 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 23 homes newly listed for sale in Page County, which is similar to the amount in March 2020. There were 24 current contracts pending sale this March compared to 13 a year ago. The number of current contracts is 85% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Page County was 96.2% of the average list price, which is 3.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 259. This decrease was impacted by the limited number of sales.

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 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.