The Long & Foster Market Minute

Focus On: Rockingham County Housing Market June 2021

Units Sold
74
Active Inventory
80
Median Sale Price
$169,450
Days On Market
24
Up 6%
Vs. Year Ago
Down -45%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -65%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 74 sold this month in Rockingham County Real Estate versus 79 last month, a decrease of 6%. This month's total units sold was higher than at this time last year, an increase of 6% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 66 units or 45%. The total number of active inventory this June was 80 compared to 146 in June 2020. This month's total of 80 is lower than the previous month's total supply of available inventory of 88, a decrease of 9%.

Median Sale Price
Last June, the median sale price for Rockingham County Homes was $149,950. This June, the median sale price was $169,450, an increase of 13% or $19,500 compared to last year. The current median sold price is 1% lower 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
99
Current Contracts
100
Sold Vs. List Price
99.9%
Months of Supply
1.1
Up 13%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 2.1%
Vs. Year Ago
Down -48%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Rockingham County, compared to 2.1 in June 2020. That is a decrease of 48% 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 99 homes newly listed for sale in Rockingham County compared to 88 in June 2020, an increase of 13%. There were 100 current contracts pending sale this June compared to 98 a year ago. The number of current contracts is 2% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Rockingham County was 99.9% of the average list price, which is 2.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 69, a decrease of 65%.

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 TRIAD 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 TRIAD or Long & Foster Real Estate, Inc.