The Long & Foster Market Minute

Focus On: Blackwell and Broad Rock Housing Market June 2021

Zip Code(s): 23224
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 27%
Vs. Year Ago
Down -41%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 43%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 52 sold this month in Blackwell and Broad Rock Real Estate versus 51 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 27% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 35 units or 41%. The total number of active inventory this June was 50 compared to 85 in June 2020. This month's total of 50 is lower than the previous month's total supply of available inventory of 59, a decrease of 15%.

Median Sale Price
Last June, the median sale price for Blackwell and Broad Rock Homes was $164,500. This June, the median sale price was $176,000, an increase of 7% or $11,500 compared to last year. The current median sold price is 5% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 32%
Vs. Year Ago
Up 97%
Vs. Year Ago
No Change
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Blackwell and Broad Rock, compared to 2.1 in June 2020. That is a decrease of 54% 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 58 homes newly listed for sale in Blackwell and Broad Rock compared to 44 in June 2020, an increase of 32%. There were 65 current contracts pending sale this June compared to 33 a year ago. The number of current contracts is 97% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Blackwell and Broad Rock was 101.4% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 14, an increase of 43%.

The Long & Foster Market Minute Blackwell and Broad Rock are defined as properties listed in zip code/s 23224.
*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.