Below is a short video highlighting the current real estate conditions and activity in Southampton, PA.
Welcome to August’s market update. Let’s take a look at residential real estate activity in Southampton during the month of July.
The number of active listings was down 20% 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 small selection to choose from. As you can see the median listing price for the month was just under $320,000. Compared to last year the average number of days that units spent on the market before being sold did not change, reflecting virtually no change in the local inventory turnover rate. The median sale price was just over $290,000. The number of units sold increased 13% year-over-year and decreased 7% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they are looking for.
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.