The Long & Foster Market Minute

Focus On: Amelia County Housing Market March 2021

Units Sold
21
Active Inventory
17
Median Sale Price
$252,999
Days On Market
54
Up
Vs. Year Ago
Down -54%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 21 sold this month in Amelia County Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 20 units or 54%. The total number of active inventory this March was 17 compared to 37 in March 2020. This month's total of 17 is lower than the previous month's total supply of available inventory of 18, a decrease of 6%.

Median Sale Price
Last March, the median sale price for Amelia County Homes was $216,000. This March, the median sale price was $252,999, an increase of 17% or $36,999 compared to last year. The current median sold price is 3% 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.


New Listings
20
Current Contracts
18
Sold Vs. List Price
100.8%
Months of Supply
0.8
No Change
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Down -65%
Vs. Year Ago

Months of Supply
In March, there was 0.8 months of supply available in Amelia County, compared to 2.3 in March 2020. That is a decrease of 65% versus a year ago.

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
This month there were 20 homes newly listed for sale in Amelia County, which is similar to the amount in March 2020. There were 18 current contracts pending sale this March compared to 21 a year ago. The number of current contracts is 14% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Amelia County was 100.8% of the average list price, which is 1.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 54, higher than the average last year, which was 20. This increase was impacted by the limited number of sales.

The Long & Foster Market Minute
*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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.