The Long & Foster Market Minute

Focus On: Appomattox County Housing Market March 2021

Units Sold
20
Active Inventory
14
Median Sale Price
$193,200
Days On Market
39
Up 18%
Vs. Year Ago
Down -77%
Vs. Year Ago
Up
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 20 sold this month in Appomattox County Real Estate versus 19 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 18% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 77%. The total number of active inventory this March was 14 compared to 62 in March 2020. This month's total of 14 is lower than the previous month's total supply of available inventory of 19, a decrease of 26%.

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 Appomattox County Homes was $145,000. This March, the median sale price was $193,200, an increase of $48,200 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.


New Listings
20
Current Contracts
22
Sold Vs. List Price
100.1%
Months of Supply
0.7
No Change
Vs. Year Ago
No Change
Vs. Year Ago
Up 4.4%
Vs. Year Ago
Down -81%
Vs. Year Ago

Months of Supply
In March, there was 0.7 months of supply available in Appomattox County, compared to 3.6 in March 2020. That is a decrease of 81% 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 Appomattox County, which is similar to the amount in March 2020. There were 22 current contracts pending sale this March, consistent with the volume a year ago. The number of current contracts is 38% higher than last month.

Sale Price to List Price Ratio
In March, the average sale price in Appomattox County was 100.1% of the average list price, which is 4.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 39, lower than the average last year, which was 86. This decrease 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 LAR 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 LAR or Long & Foster Real Estate, Inc.