The Long & Foster Market Minute

Focus On: Campbells Landing, Munden, and Vine Housing Market June 2021

Zip Code(s): 23456 and 23457
Units Sold
137
Active Inventory
95
Median Sale Price
$440,100
Days On Market
26
Up 10%
Vs. Year Ago
Down -70%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -26%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 137 sold this month in Campbells Landing, Munden, and Vine Real Estate versus 138 last month, a decrease of 1%. This month's total units sold was higher than at this time last year, an increase of 10% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 227 units or 70%. The total number of active inventory this June was 95 compared to 322 in June 2020. This month's total of 95 is lower than the previous month's total supply of available inventory of 133, a decrease of 29%.

Median Sale Price
Last June, the median sale price for Campbells Landing, Munden, and Vine Homes was $373,000. This June, the median sale price was $440,100, an increase of 18% or $67,100 compared to last year. The current median sold price is 3% 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
195
Current Contracts
218
Sold Vs. List Price
103.1%
Months of Supply
0.7
Up 4%
Vs. Year Ago
Up 30%
Vs. Year Ago
Up 3.7%
Vs. Year Ago
Down -73%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Campbells Landing, Munden, and Vine, compared to 2.6 in June 2020. That is a decrease of 73% 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 195 homes newly listed for sale in Campbells Landing, Munden, and Vine compared to 188 in June 2020, an increase of 4%. There were 218 current contracts pending sale this June compared to 168 a year ago. The number of current contracts is 30% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Campbells Landing, Munden, and Vine was 103.1% of the average list price, which is 3.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 35, a decrease of 26%.

The Long & Foster Market Minute Campbells Landing, Munden, and Vine are defined as properties listed in zip code/s 23456 and 23457.
*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 REIN 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 REIN or Long & Foster Real Estate, Inc.