Below is a short video highlighting the current real estate conditions and activity in Southampton, PA.
Welcome to June’s market update. Let’s take a look at residential real estate activity in Southampton during the month of May.
The number of active listings was down 48% from one year earlier and down 10% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see the median listing price for the month was just over $330,000. Compared to last year the average number of days that unit spent on the market before being sold was up 17%. This higher number of days may signal a slowdown in the local inventory turnover rate. The median sale price was just under $260,000. The number of units sold decreased 8% year-over-year and increased 4% month-over-month. Despite a slight annual decrease this this upwards monthly sales trend indicates positive momentum.
We hope you use this information to make smart, informed decisions in your upcoming real estate transaction. Feel free to contact us for more information or further assistance.