Below is a short video highlighting the current real estate conditions and activity in Southampton, PA.
Welcome to July’s market update. Let’s take a look at residential real estate activity in Southampton during the month of June.
The number of active listings was down 11% from one year earlier and up 17% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see the median listing price for the month was just over $320,000. Compared to last year the average number of days that units spent on the market before being sold was down 14%. This lower number of days may signal a positive trend in the local inventory turnover rate. The median sale price was $300,000. The number of units sold increased 17% year-over-year and increased 35% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market.
We hope you use this information to make smart, informed decisions in your upcoming real estate transactions. Feel free to contact me for more information or further assistance.