The Long & Foster Market Minute

Focus On: Harwoods Mill Housing Market June 2021

Zip Code(s): 23693
Units Sold
56
Active Inventory
34
Median Sale Price
$440,000
Days On Market
23
Up
Vs. Year Ago
Down -57%
Vs. Year Ago
Up 28%
Vs. Year Ago
Down -47%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 56 sold this month in Harwoods Mill Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 46 units or 57%. The total number of active inventory this June was 34 compared to 80 in June 2020. This month's total of 34 is lower than the previous month's total supply of available inventory of 64, a decrease of 47%.

Median Sale Price
Last June, the median sale price for Harwoods Mill Homes was $344,950. This June, the median sale price was $440,000, an increase of $95,050 compared to last year. The current median sold price is 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
58
Current Contracts
75
Sold Vs. List Price
101.8%
Months of Supply
0.6
Up 81%
Vs. Year Ago
Up 114%
Vs. Year Ago
Up 2.9%
Vs. Year Ago
Down -74%
Vs. Year Ago

Months of Supply
In June, there was 0.6 months of supply available in Harwoods Mill, compared to 2.4 in June 2020. That is a decrease of 74% 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 58 homes newly listed for sale in Harwoods Mill compared to 32 in June 2020, an increase of 81%. There were 75 current contracts pending sale this June compared to 35 a year ago. The number of current contracts is 114% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Harwoods Mill was 101.8% 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 23, lower than the average last year, which was 43, a decrease of 47%.

The Long & Foster Market Minute Harwoods Mill are defined as properties listed in zip code/s 23693.
*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.