The Long & Foster Market Minute

Focus On: Hamilton Housing Market June 2021

Zip Code(s): 08610
Units Sold
38
Active Inventory
44
Median Sale Price
$230,000
Days On Market
10
Up
Vs. Year Ago
Down -4%
Vs. Year Ago
Up
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in June, with 38 sold this month in Hamilton Real Estate. This month's total units sold was higher than at this time last year, an increase from June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 4%. The total number of active inventory this June was 44 compared to 46 in June 2020. This month's total of 44 is lower than the previous month's total supply of available inventory of 45, a decrease of 2%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Hamilton Homes was $178,000. This June, the median sale price was $230,000, an increase of $52,000 compared to last year. The current median sold price is 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
45
Current Contracts
36
Sold Vs. List Price
105.7%
Months of Supply
1.2
Up 67%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up
Vs. Year Ago
Down -34%
Vs. Year Ago

Months of Supply
In June, there was 1.2 months of supply available in Hamilton, compared to 1.8 in June 2020. That is a decrease of 35% 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 45 homes newly listed for sale in Hamilton compared to 27 in June 2020, an increase of 67%. There were 36 current contracts pending sale this June compared to 31 a year ago. The number of current contracts remained stable as compared to last June.

Sale Price to List Price Ratio
In June, the average sale price in Hamilton was 105.7% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 10, lower than the average last year, which was 55. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Hamilton are defined as properties listed in zip code/s 08610.
*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.