The Long & Foster Market Minute

Focus On: Halifax County Housing Market June 2021

Units Sold
13
Active Inventory
19
Median Sale Price
$134,900
Days On Market
172
Down
Vs. Year Ago
Down -78%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 21%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in June, with 13 sold this month in Halifax County Real Estate. This month's total units sold was lower than at this time last year, a decrease from June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 68 units or 78%. The total number of active inventory this June was 19 compared to 87 in June 2020. This month's total of 19 is lower than the previous month's total supply of available inventory of 24, a decrease of 21%.

Median Sale Price
Last June, the median sale price for Halifax County Homes was $150,475. This June, the median sale price was $134,900, a decrease of 10% or $15,575 compared to last year. The current median sold price is 1% 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
21
Current Contracts
22
Sold Vs. List Price
96.6%
Months of Supply
1.5
Up 11%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -76%
Vs. Year Ago

Months of Supply
In June, there was 1.5 months of supply available in Halifax County, compared to 6.2 in June 2020. That is a decrease of 76% 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 21 homes newly listed for sale in Halifax County compared to 19 in June 2020, an increase of 11%. There were 22 current contracts pending sale this June compared to 20 a year ago. The number of current contracts is 10% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Halifax County was 96.6% of the average list price, which is 0.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 172, higher than the average last year, which was 142, an increase of 21%.

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 SPLLBR 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 SPLLBR or Long & Foster Real Estate, Inc.