The Long & Foster Market Minute

Focus On: Haymarket and Catharpin Housing Market June 2021

Zip Code(s): 20169, 20168 and 20143
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 26%
Vs. Year Ago
Down -43%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -61%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 92 sold this month in Haymarket and Catharpin Real Estate versus 97 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 26% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 28 units or 43%. The total number of active inventory this June was 37 compared to 65 in June 2020. This month's total of 37 is lower than the previous month's total supply of available inventory of 45, a decrease of 18%.

Median Sale Price
Last June, the median sale price for Haymarket and Catharpin Homes was $630,000. This June, the median sale price was approximately the same at $676,050. The current median sold price is 7% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 61%
Vs. Year Ago
Up 53%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -55%
Vs. Year Ago

Months of Supply
In June, there was 0.4 months of supply available in Haymarket and Catharpin, compared to 0.9 in June 2020. That is a decrease of 55% 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 116 homes newly listed for sale in Haymarket and Catharpin compared to 72 in June 2020, an increase of 61%. There were 107 current contracts pending sale this June compared to 70 a year ago. The number of current contracts is 53% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Haymarket and Catharpin was 103.3% of the average list price, which is 4.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 7, lower than the average last year, which was 18, a decrease of 61%.

The Long & Foster Market Minute Haymarket and Catharpin are defined as properties listed in zip code/s 20169, 20168 and 20143.
*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.