The Long & Foster Market Minute

Focus On: Richmond County Housing Market June 2021

Units Sold
8
Active Inventory
15
Median Sale Price
$250,000
Days On Market
51
Up
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 33%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in June, with 8 sold this month in Richmond County Real Estate. This month's total units sold was higher than at this time last year, an increase from June 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 1 units or 7%. The total number of active inventory this June was 15 compared to 14 in June 2020. This month's total of 15 is lower than the previous month's total supply of available inventory of 18, a decrease of 17%.

Median Sale Price
Last June, the median sale price for Richmond County Homes was $188,000. This June, the median sale price was approximately the same at $250,000. The current median sold price is 33% 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
4
Current Contracts
5
Sold Vs. List Price
99.1%
Months of Supply
1.9
Down -20%
Vs. Year Ago
Down -50%
Vs. Year Ago
Up 2.1%
Vs. Year Ago
Down -6%
Vs. Year Ago

Months of Supply
In June, there was 1.9 months of supply available in Richmond County, compared to 2.0 in June 2020. That is a decrease of 6% 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 4 homes newly listed for sale in Richmond County compared to 5 in June 2020, a decrease of 20%. There were 5 current contracts pending sale this June compared to 10 a year ago. The number of current contracts is 50% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Richmond County was 99.1% of the average list price, which is 2.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 51, lower than the average last year, which was 158. This decrease was impacted by the limited number of sales.

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 NNAR 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 NNAR or Long & Foster Real Estate, Inc.