The Long & Foster Market Minute

Focus On: Jefferson County Housing Market March 2021

Units Sold
94
Active Inventory
77
Median Sale Price
$317,500
Days On Market
27
Up 12%
Vs. Year Ago
Down -55%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -54%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 94 sold this month in Jefferson County 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 93 units or 55%. The total number of active inventory this March was 77 compared to 170 in March 2020. This month's total of 77 is higher than the previous month's total supply of available inventory of 62, an increase of 24%.

Median Sale Price
Last March, the median sale price for Jefferson County Homes was $283,000. This March, the median sale price was $317,500, an increase of 12% or $34,500 compared to last year. The current median sold price is 6% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
148
Current Contracts
121
Sold Vs. List Price
100.5%
Months of Supply
0.8
Up 38%
Vs. Year Ago
Up 41%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Down -59%
Vs. Year Ago

Months of Supply
In March, there was 0.8 months of supply available in Jefferson County, compared to 2.0 in March 2020. That is a decrease of 60% 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 148 homes newly listed for sale in Jefferson County compared to 107 in March 2020, an increase of 38%. There were 121 current contracts pending sale this March compared to 86 a year ago. The number of current contracts is 41% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Jefferson County was 100.5% of the average list price, which is 1.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 27, lower than the average last year, which was 59, a decrease of 54%.

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 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.