Focus On: Halifax County Housing Market
March 2015
Units Sold
Active Inventory
Median Sale Price
Days On Market
12
163
$83,500
286
18 16 14 12 10 8 6 4 2 0
220
170,000
350
200
150,000
300
180
130,000
160
110,000
140
90,000
120
70,000
100
50,000
M-13 J-13 N-13 M-14 J-14 N-14 M-15
M-13 J-13 N-13 M-14 J-14 N-14 M-15
No Change Vs. Year Ago
250 200 150 100
M-13 J-13 N-13 M-14 J-14 N-14 M-15
Down -11% Vs. Year Ago
M-13 J-13 N-13 M-14 J-14 N-14 M-15
Up Vs. Year Ago
Down -6% Vs. Year Ago
Units Sold* 18
Sold Detached
Sold Attached
Sold Condo/ Coop
16
Units Sold There was a decrease in total units sold in March, with 12 sold this month in Halifax County, a decrease of 20%. This month's total units sold is similar compared to a year ago.
14 12
10 8 6 4 2
Active Inventory*
0 250
Active Detached
Active Attached
Active Condo/ Coop
200
Active Inventory
150
Versus last year, the total number of homes available this month is lower by 21 units or 11%. The total number of active inventory this March was 163 compared to 184 in March 2014. This month's total of 163 is lower than the previous month's total supply of available inventory of 167, a decrease of 2%.
100
Median Sale Price 100,000 80,000 60,000
40,000 20,000 0
Mar-14 $82,450
Mar-15 $83,500
50 0
Median Sale Price Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Halifax County Homes was $82,450. This March, the median sale price was $83,500, an increase of $1,050 compared to last year. The current median sold price is 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.
*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. Information included in this report is based on data supplied by SPLLBR 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 SPLLBR or Long & Foster Real Estate, Inc.
Focus On: Halifax County Housing Market
March 2015
New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
24
13
89.5%
13.6
20
40
96% 94% 92% 90% 88% 86% 84% 82% 80% 78%
35
15
30 25
10
20 15
5
10
5 0
0
M-13 J-13 N-13 M-14 J-14 N-14 M-15
M-13 J-13 N-13 M-14 J-14 N-14 M-15
Up 41% Vs. Year Ago
40 35 30 25 20 15 10 5 0
M-13 J-13 N-13 M-14 J-14 N-14 M-15
Up 18% Vs. Year Ago
Down -2.9% Vs. Year Ago
M-13 J-13 N-13 M-14 J-14 N-14 M-15
Down -11% Vs. Year Ago
Months Of Supply 35.4
Months of Supply In March, there was 13.6 months of supply available in Halifax County, compared to 15.3 in March 2014. That is a decrease of 11% versus a year ago. 11.1 13.6
15.4
16.8 13.7 16.4
11.8
23.9 18.5
34.5
18.1 12.8
15
15.3
20
21.0 18.4
25
14.1 14.8
30
16.8 18.8 14.8 14.8 23.1 16.2
35
29.5
40
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.
10 5 0
New Listings & Current Contracts 40
Number of New Listings
Total Pending
35
New Listings & Current Contracts This month there were 24 homes newly listed for sale in Halifax County compared to 17 in March 2014, an increase of 41%. There were 13 current contracts pending sale this March compared to 11 a year ago. The number of current contracts is 18% higher than last March.
30
25 20 15 10 5
0
Sale Price/ List Price & DOM 96% 94% 92% 90% 88% 86% 84% 82% 80% 78%
Avg Sale / Avg List
Average DOM
400 350 300 250 200 150 100 50 0
Sale Price to List Price Ratio In March, the average sale price in Halifax County was 89.5% of the average list price, which is 2.7% lower than at this time last year.
Days On Market This month, the average number of days on market was 286, lower than the average last year, which was 305, a decrease of 6%.
*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. Information included in this report is based on data supplied by SPLLBR 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 SPLLBR or Long & Foster Real Estate, Inc.