The Long & Foster Market Minute

Focus On: Hampton City Housing Market June 2021

Units Sold
244
Active Inventory
211
Median Sale Price
$240,000
Days On Market
18
Up 3%
Vs. Year Ago
Down -44%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -66%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 244 sold this month in Hampton City Real Estate versus 233 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 3% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 164 units or 44%. The total number of active inventory this June was 211 compared to 375 in June 2020. This month's total of 211 is lower than the previous month's total supply of available inventory of 263, a decrease of 20%.

Median Sale Price
Last June, the median sale price for Hampton City Homes was $198,000. This June, the median sale price was approximately the same at $240,000. The current median sold price is 21% higher 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
325
Current Contracts
352
Sold Vs. List Price
101.6%
Months of Supply
0.9
Up 40%
Vs. Year Ago
Up 51%
Vs. Year Ago
Up 2.9%
Vs. Year Ago
Down -46%
Vs. Year Ago

Months of Supply
In June, there was 0.9 months of supply available in Hampton City, compared to 1.6 in June 2020. That is a decrease of 45% 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 325 homes newly listed for sale in Hampton City compared to 232 in June 2020, an increase of 40%. There were 352 current contracts pending sale this June compared to 233 a year ago. The number of current contracts is 51% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Hampton City was 101.6% of the average list price, which is 2.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 53, a decrease of 66%.

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 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.