Washington County's Summers market shifted toward buyers this period, with slower average sale times and a rising months-of-supply figure alongside softer median sale prices.
Price Trends
The median sale price in Summers came in at $242,500, down 8% from the prior period's $263,500. Average sale price stood at $445,487.50, while total sales volume across the period reached $1,781,950. The median sale-to-list ratio held near full price at 96%, a modest 0.8% dip from the previous period's 95.57%, and price per square foot fell to $149.48, down 21.4% from $190.07 previously.
Inventory and Supply
Active listings totaled 7, down 12.5% from 8 in the prior period, while new listings numbered 11, a decrease of 8.3% from 12. Months of supply rose to 14, up 32.1% from 10.6, and the absorption rate measured 7.16%. These figures align with the period's overall classification as a Buyer's Market.
Pace of Sales
The average days on market reached 87.5, up 47.1% from 59.5 in the previous period, signaling a notable slowdown in how quickly homes moved. The median days on market was 62.5, offering supporting context to the average figure. Sell-through was 36.4% and the pending-to-active ratio measured 42.9%, with monthly figures showing considerable variation, from a 207-day average in February to 18 days in April and 62.5 days in August.
Property Type Snapshot
Houses accounted for 3 of the period's sales at a median price of $255,000, with an average of 110.67 days on market and 2.7 months of supply. Manufactured homes saw 1 sale at a median price of $196,950, moving faster at an average of 18 days on market with 8 months of supply.
At a Glance
- Average Days on Market: 87.5 days
- Median Sale Price: $242,500
- Months of Supply: 14
- Sale-to-List Ratio: 96%
- Total Sales Volume: $1,781,950
- Active Listings: 7
See the full interactive year-to-date market report: https://nwastats.com/market-report/summers-washington-county-year-to-date-market-update/