Focus On: Halifax County Housing Market
July 2015
Units Sold
Active Inventory
Median Sale Price
Days On Market
16
185
$102,500
207
30
240
170,000
2,600
25
220
150,000
2,100
200
20
130,000
180
15
1,100
90,000
10
140
5
120
70,000
0
100
50,000
J-13 N-13 M-14 J-14 N-14 M-15 J-15
J-13 N-13 M-14 J-14 N-14 M-15 J-15
1,600
110,000
160
Up Vs. Year Ago
600 100
J-13 N-13 M-14 J-14 N-14 M-15 J-15
Down -16% Vs. Year Ago
J-13 N-13 M-14 J-14 N-14 M-15 J-15
Up Vs. Year Ago
No Change Vs. Year Ago
Units Sold* 30
Sold Detached
Sold Attached
Sold Condo/ Coop
Units Sold With relatively few transactions, there was an increase in total units sold in July, with 16 sold this month in Halifax County. This month's total units sold was higher than at this time last year, an increase from July 2014.
25
20 15
10 5
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 35 units or 16%. The total number of active inventory this July was 185 compared to 220 in July 2014. This month's total of 185 is lower than the previous month's total supply of available inventory of 192, a decrease of 4%.
100
Median Sale Price 120,000 100,000
80,000 60,000 40,000 20,000
0
Jul-14 $76,000
Jul-15 $102,500
50 0
Median Sale Price Due to the relatively small number of units sold, the median sale price showed significant change this month. Last July, the median sale price for Halifax County Homes was $76,000. This July, the median sale price was $102,500, an increase of $26,500 compared to last year. The current median sold price is lower than in June. 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
July 2015
New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
23
19
93.5%
11.6
40
35
35
30
30
25
25
96% 94% 92% 90% 88% 86% 84% 82% 80% 78%
20
20
15
15
10
10
5
5
0
0
J-13 N-13 M-14 J-14 N-14 M-15 J-15
J-13 N-13 M-14 J-14 N-14 M-15 J-15
Down -32% Vs. Year Ago
45 40 35 30 25 20 15 10 5 0
J-13 N-13 M-14 J-14 N-14 M-15 J-15
Up 27% Vs. Year Ago
Up Vs. Year Ago
J-13 N-13 M-14 J-14 N-14 M-15 J-15
Down -42% Vs. Year Ago
16.0 11.6
17.0
In July, there was 11.6 months of supply available in Halifax County, compared to 20.0 in July 2014. That is a decrease of 42% versus a year ago. 7.4
16.6
Months of Supply
13.5
12.8 18.3 15.0 18.2 17.3
26.0 20.0
13.9
15.9
22.8 20.0 16.7 19.8
37.2 15.3
24.8 17.3
15.9
45 40 35 30 25 20 15 10 5 0
41.8
Months Of Supply
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 40
Number of New Listings
Total Pending
35
New Listings & Current Contracts This month there were 23 homes newly listed for sale in Halifax County compared to 34 in July 2014, a decrease of 32%. There were 19 current contracts pending sale this July compared to 15 a year ago. The number of current contracts is 27% higher than last July.
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
2500
2000 1500 1000
500 0
Sale Price to List Price Ratio In July, the average sale price in Halifax County was 93.5% of the average list price, which is higher than at this time last year.
Days On Market This month, the average number of days on market was 207, which is similar compared to a year ago.
*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.