The Long & Foster Market Minute

Focus On: Dover Housing Market June 2021

Zip Code(s): 19904, 19936, 19901, 19961 and 19902
Units Sold
100
Active Inventory
96
Median Sale Price
$265,000
Days On Market
9
Up 12%
Vs. Year Ago
Down -45%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down -78%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 100 sold this month in Dover Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 80 units or 45%. The total number of active inventory this June was 96 compared to 176 in June 2020. This month's total of 96 is higher than the previous month's total supply of available inventory of 90, an increase of 7%.

Median Sale Price
Last June, the median sale price for Dover Homes was $220,000. This June, the median sale price was $265,000, an increase of 20% or $45,000 compared to last year. The current median sold price is 4% higher than in May.

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


New Listings
117
Current Contracts
103
Sold Vs. List Price
100.6%
Months of Supply
1.0
Up 3%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -52%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Dover, compared to 2.0 in June 2020. That is a decrease of 51% 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 117 homes newly listed for sale in Dover compared to 114 in June 2020, an increase of 3%. There were 103 current contracts pending sale this June compared to 91 a year ago. The number of current contracts is 13% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Dover was 100.6% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 41, a decrease of 78%.

The Long & Foster Market Minute Dover are defined as properties listed in zip code/s 19904, 19936, 19901, 19961 and 19902.
*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.