The Long & Foster Market Minute

Focus On: Accomack County Housing Market June 2021

Units Sold
61
Active Inventory
164
Median Sale Price
$216,500
Days On Market
153
Up 9%
Vs. Year Ago
Down -54%
Vs. Year Ago
Up
Vs. Year Ago
Down -41%
Vs. Year Ago

Units Sold
The number of units sold remained stable in June, with 61 sold this month in Accomack County Real Estate. This month's total units sold was higher than at this time last year, an increase of 9% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 189 units or 54%. The total number of active inventory this June was 164 compared to 353 in June 2020. This month's total of 164 is lower than the previous month's total supply of available inventory of 183, a decrease of 10%.

Median Sale Price
Last June, the median sale price for Accomack County Homes was $157,000. This June, the median sale price was $216,500, an increase of $59,500 compared to last year. The current median sold price is 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
61
Current Contracts
61
Sold Vs. List Price
96.4%
Months of Supply
2.7
Down -9%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Down -57%
Vs. Year Ago

Months of Supply
In June, there was 2.7 months of supply available in Accomack County, compared to 6.3 in June 2020. That is a decrease of 57% 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 61 homes newly listed for sale in Accomack County compared to 67 in June 2020, a decrease of 9%. There were 61 current contracts pending sale this June compared to 71 a year ago. The number of current contracts is 14% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Accomack County was 96.4% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 153, lower than the average last year, which was 261, a decrease of 41%.

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 ESAOR 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 ESAOR or Long & Foster Real Estate, Inc.