June Sales Report

The spring market is in full swing here in Cumberland County, bringing a mix of strong buyer demand and welcome increases in inventory. In May, the median price for single-family homes dipped slightly to $570,000—a 1.7% decline from both the previous month and the same time last year. While still historically high, this modest shift may signal more room for negotiation than buyers saw earlier this year.

Closed sales jumped sharply—up over 20% from April and more than 11% compared to last May—reminding us that motivated buyers are still very much in the market. Homes are continuing to move quickly, with a median of just 6 days on market, and sellers are still seeing an average of 102.3% of their asking price.

New listings surged in May, up nearly 38%, and total active inventory grew by almost 55% to 553 available homes. As a result, months of inventory ticked up to 2.0. For buyers, that means more choices and a bit of breathing room. For sellers, it’s a sign that while competition remains, pricing and positioning are more important than ever.

In short, the Cumberland County market is busy, active, and evolving. An interactive sales chart can be configured to your exact interests.

Condos:

The condo market in Cumberland County is showing signs of adjustment. In May, the median sales price dropped to $462,500—a 9.3% decline from last year and nearly 20% lower than in April. While this suggests some softening in prices, activity remains strong in other key areas.

Closed sales were up 22% from the previous month and a substantial 35% year-over-year, indicating that buyer interest in condos hasn’t waned. That said, homes are sitting a bit longer, with median days on market rising to 12—double what we’ve seen in previous months.

Despite longer market times, sellers still received an average of 101.2% of their asking price, and price per square foot ticked up to $375. Active inventory also grew by 28%, giving buyers more options and pushing months of inventory to 2.5. Interestingly, new listings were slightly down compared to April, suggesting that while more properties are available, fewer are entering the market right now.

All in all, the condo market is cooling from a pricing standpoint but remains active. Increased inventory and steady demand are creating a more balanced environment—offering buyers greater flexibility and sellers a chance to stand out with thoughtful pricing and presentation.

If you’re thinking about making a move, now is a great time to understand where you stand—and we’re here to help.