The Long & Foster Market Minute

Focus On: Yadkin County Housing Market March 2021

Units Sold
28
Active Inventory
18
Median Sale Price
$168,750
Days On Market
37
Up
Vs. Year Ago
Down -62%
Vs. Year Ago
Down
Vs. Year Ago
Up 19%
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 28 sold this month in Yadkin 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 29 units or 62%. The total number of active inventory this March was 18 compared to 47 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
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Yadkin County Homes was $197,500. This March, the median sale price was $168,750, a decrease of $28,750 compared to last year. The current median sold price is 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
43
Current Contracts
25
Sold Vs. List Price
98.2%
Months of Supply
0.6
Up 79%
Vs. Year Ago
Up 92%
Vs. Year Ago
Up 0.5%
Vs. Year Ago
Down -73%
Vs. Year Ago

Months of Supply
In March, there was 0.6 months of supply available in Yadkin County, compared to 2.4 in March 2020. That is a decrease of 73% 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 43 homes newly listed for sale in Yadkin County compared to 24 in March 2020, an increase of 79%. There were 25 current contracts pending sale this March compared to 13 a year ago. The number of current contracts is 92% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Yadkin County was 98.2% of the average list price, which is 0.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 37, higher than the average last year, which was 31, an increase of 19%.

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.