The Long & Foster Market Minute

Focus On: Appomattox County Housing Market June 2021

Units Sold
17
Active Inventory
26
Median Sale Price
$220,900
Days On Market
37
Down -35%
Vs. Year Ago
Down -42%
Vs. Year Ago
Up
Vs. Year Ago
Down -46%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 17 sold this month in Appomattox County Real Estate versus 19 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 35% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 19 units or 42%. The total number of active inventory this June was 26 compared to 45 in June 2020. This month's total of 26 is higher than the previous month's total supply of available inventory of 25, an increase of 4%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Appomattox County Homes was $128,500. This June, the median sale price was $220,900, an increase of $92,400 compared to last year. The current median sold price is lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
34
Current Contracts
31
Sold Vs. List Price
97.9%
Months of Supply
1.5
Up 70%
Vs. Year Ago
Up 63%
Vs. Year Ago
No Change
Vs. Year Ago
Down -12%
Vs. Year Ago

Months of Supply
In June, there was 1.5 months of supply available in Appomattox County, compared to 1.7 in June 2020. That is a decrease of 12% 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 34 homes newly listed for sale in Appomattox County compared to 20 in June 2020, an increase of 70%. There were 31 current contracts pending sale this June compared to 19 a year ago. The number of current contracts is 63% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Appomattox County was 97.9% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 37, lower than the average last year, which was 68, a decrease of 46%.

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.