The Long & Foster Market Minute

Focus On: Falling Waters, Hedgesville, and Western Berkeley County Housing Market June 2021

Zip Code(s): 25419, 25427, 25421 and 25420
Units Sold
75
Active Inventory
70
Median Sale Price
$250,000
Days On Market
21
Up 10%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -60%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 75 sold this month in Falling Waters, Hedgesville, and Western Berkeley County Real Estate versus 65 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 10% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 76 units or 52%. The total number of active inventory this June was 70 compared to 146 in June 2020. This month's total of 70 is higher than the previous month's total supply of available inventory of 69, an increase of 1%.

Median Sale Price
Last June, the median sale price for Falling Waters, Hedgesville, and Western Berkeley County Homes was $217,450. This June, the median sale price was $250,000, an increase of 15% or $32,550 compared to last year. The current median sold price is 11% 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
88
Current Contracts
68
Sold Vs. List Price
99.9%
Months of Supply
0.9
Up 28%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -57%
Vs. Year Ago

Months of Supply
In June, there was 0.9 months of supply available in Falling Waters, Hedgesville, and Western Berkeley County, compared to 2.1 in June 2020. That is a decrease of 57% 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 88 homes newly listed for sale in Falling Waters, Hedgesville, and Western Berkeley County compared to 69 in June 2020, an increase of 28%. There were 68 current contracts pending sale this June compared to 83 a year ago. The number of current contracts is 18% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Falling Waters, Hedgesville, and Western Berkeley County was 99.9% of the average list price, which is 1.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 53, a decrease of 60%.

The Long & Foster Market Minute Falling Waters, Hedgesville, and Western Berkeley County are defined as properties listed in zip code/s 25419, 25427, 25421 and 25420.
*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.