The Long & Foster Market Minute

Focus On: Barton Heights and Highland Park Housing Market June 2021

Zip Code(s): 23222
Units Sold
49
Active Inventory
50
Median Sale Price
$267,000
Days On Market
11
Up 2%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 27%
Vs. Year Ago
Down -52%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 49 sold this month in Barton Heights and Highland Park Real Estate versus 51 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 2% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 17%. The total number of active inventory this June was 50 compared to 60 in June 2020. This month's total of 50 is higher than the previous month's total supply of available inventory of 45, an increase of 11%.

Median Sale Price
Last June, the median sale price for Barton Heights and Highland Park Homes was $210,500. This June, the median sale price was $267,000, an increase of $56,500 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
66
Current Contracts
54
Sold Vs. List Price
102.4%
Months of Supply
1.0
Up 40%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 2.3%
Vs. Year Ago
Down -18%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Barton Heights and Highland Park, compared to 1.3 in June 2020. That is a decrease of 18% 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 66 homes newly listed for sale in Barton Heights and Highland Park compared to 47 in June 2020, an increase of 40%. There were 54 current contracts pending sale this June compared to 48 a year ago. The number of current contracts is 13% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Barton Heights and Highland Park was 102.4% of the average list price, which is 2.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 23, a decrease of 52%.

The Long & Foster Market Minute Barton Heights and Highland Park are defined as properties listed in zip code/s 23222.
*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 CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.