The Long & Foster Market Minute

Focus On: Grafton, Seaford, and Yorktown Housing Market June 2021

Zip Code(s): 23690, 23692 and 23696
Units Sold
48
Active Inventory
47
Median Sale Price
$357,500
Days On Market
29
Down -2%
Vs. Year Ago
Down -61%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -47%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 48 sold this month in Grafton, Seaford, and Yorktown Real Estate versus 49 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 2% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 74 units or 61%. The total number of active inventory this June was 47 compared to 121 in June 2020. This month's total of 47 is lower than the previous month's total supply of available inventory of 51, a decrease of 8%.

Median Sale Price
Last June, the median sale price for Grafton, Seaford, and Yorktown Homes was $325,000. This June, the median sale price was $357,500, an increase of 10% or $32,500 compared to last year. The current median sold price is 7% 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
68
Current Contracts
70
Sold Vs. List Price
99.5%
Months of Supply
1.0
No Change
Vs. Year Ago
Up 35%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -60%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Grafton, Seaford, and Yorktown, compared to 2.5 in June 2020. That is a decrease of 60% 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 68 homes newly listed for sale in Grafton, Seaford, and Yorktown, which is similar to the amount in June 2020. There were 70 current contracts pending sale this June compared to 52 a year ago. The number of current contracts is 35% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Grafton, Seaford, and Yorktown was 99.5% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 29, lower than the average last year, which was 55, a decrease of 47%.

The Long & Foster Market Minute Grafton, Seaford, and Yorktown are defined as properties listed in zip code/s 23690, 23692 and 23696.
*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.