The Long & Foster Market Minute

Focus On: Huntington and Burgundy Village Housing Market June 2021

Zip Code(s): 22307 and 22303
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Up 54%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 25%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 78 sold this month in Huntington and Burgundy Village 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 higher by 27 units or 54%. The total number of active inventory this June was 77 compared to 50 in June 2020. This month's total of 77 is higher than the previous month's total supply of available inventory of 65, an increase of 18%.

Median Sale Price
Last June, the median sale price for Huntington and Burgundy Village Homes was $480,000. This June, the median sale price was $490,500, an increase of 2% or $10,500 compared to last year. The current median sold price is 15% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 39%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Huntington and Burgundy Village. The amount of supply is similar compared to 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 82 homes newly listed for sale in Huntington and Burgundy Village compared to 59 in June 2020, an increase of 39%. There were 56 current contracts pending sale this June compared to 52 a year ago. The number of current contracts is 8% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Huntington and Burgundy Village was 102.0% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 16, an increase of 25%.

The Long & Foster Market Minute Huntington and Burgundy Village are defined as properties listed in zip code/s 22307 and 22303.
*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.