The Long & Foster Market Minute

Focus On: Adams County Housing Market June 2021

Units Sold
124
Active Inventory
131
Median Sale Price
$264,500
Days On Market
15
Up
Vs. Year Ago
Down -53%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -67%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 124 sold this month in Adams County 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 146 units or 53%. The total number of active inventory this June was 131 compared to 277 in June 2020. This month's total of 131 is lower than the previous month's total supply of available inventory of 145, a decrease of 10%.

Median Sale Price
Last June, the median sale price for Adams County Homes was $224,900. This June, the median sale price was $264,500, an increase of 18% or $39,600 compared to last year. The current median sold price is 13% 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
145
Current Contracts
118
Sold Vs. List Price
100.8%
Months of Supply
1.1
Down -21%
Vs. Year Ago
Down -28%
Vs. Year Ago
Up 2.4%
Vs. Year Ago
Down -77%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Adams County, compared to 4.6 in June 2020. That is a decrease of 77% 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 145 homes newly listed for sale in Adams County compared to 183 in June 2020, a decrease of 21%. There were 118 current contracts pending sale this June compared to 163 a year ago. The number of current contracts is 28% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Adams County was 100.8% of the average list price, which is 2.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 46, a decrease of 67%.

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.