The Long & Foster Market Minute

Focus On: Mineral County Housing Market June 2021

Units Sold
13
Active Inventory
38
Median Sale Price
$160,000
Days On Market
62
Down
Vs. Year Ago
Down -40%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -42%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in June, with 13 sold this month in Mineral County Real Estate. This month's total units sold was lower than at this time last year, a decrease from June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 25 units or 40%. The total number of active inventory this June was 38 compared to 63 in June 2020. This month's total of 38 is higher than the previous month's total supply of available inventory of 25, an increase of 52%.

Median Sale Price
Last June, the median sale price for Mineral County Homes was $140,500. This June, the median sale price was $160,000, an increase of 14% or $19,500 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
35
Current Contracts
21
Sold Vs. List Price
96.9%
Months of Supply
2.9
Up 59%
Vs. Year Ago
Up 24%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Up 11%
Vs. Year Ago

Months of Supply
In June, there was 2.9 months of supply available in Mineral County, compared to 2.6 in June 2020. That is an increase of 11% 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 35 homes newly listed for sale in Mineral County compared to 22 in June 2020, an increase of 59%. There were 21 current contracts pending sale this June compared to 17 a year ago. The number of current contracts is 24% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Mineral County was 96.9% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 62, lower than the average last year, which was 107, a decrease of 42%.

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.