The Long & Foster Market Minute

Focus On: Campbell County Housing Market June 2021

Units Sold
95
Active Inventory
71
Median Sale Price
$210,400
Days On Market
25
Up 14%
Vs. Year Ago
Down -39%
Vs. Year Ago
Down -9%
Vs. Year Ago
Down -58%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 95 sold this month in Campbell County Real Estate versus 83 last month, an increase of 14%. This month's total units sold was higher than at this time last year, an increase of 14% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 46 units or 39%. The total number of active inventory this June was 71 compared to 117 in June 2020. This month's total of 71 is lower than the previous month's total supply of available inventory of 83, a decrease of 14%.

Median Sale Price
Last June, the median sale price for Campbell County Homes was $232,000. This June, the median sale price was approximately the same at $210,400. The current median sold price is 9% lower than in June 2020.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
99
Current Contracts
97
Sold Vs. List Price
100.1%
Months of Supply
0.7
Up 38%
Vs. Year Ago
Up 52%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Campbell County, compared to 1.4 in June 2020. That is a decrease of 47% 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 99 homes newly listed for sale in Campbell County compared to 72 in June 2020, an increase of 38%. There were 97 current contracts pending sale this June compared to 64 a year ago. The number of current contracts is 52% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Campbell County was 100.1% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 60, a decrease of 58%.

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 LAR 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 LAR or Long & Foster Real Estate, Inc.