The Long & Foster Market Minute

Focus On: Dinwiddie County Housing Market March 2021

Units Sold
33
Active Inventory
25
Median Sale Price
$219,000
Days On Market
32
Up 27%
Vs. Year Ago
Down -71%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -30%
Vs. Year Ago

Units Sold
The number of units sold remained stable in March, with 33 sold this month in Dinwiddie County Real Estate. This month's total units sold was higher than at this time last year, an increase of 6% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 62 units or 71%. The total number of active inventory this March was 25 compared to 87 in March 2020. This month's total of 25 is lower than the previous month's total supply of available inventory of 27, a decrease of 7%.

Median Sale Price
Last March, the median sale price for Dinwiddie County Homes was $209,950. This March, the median sale price was $219,000, an increase of 4% or $9,050 compared to last year. The current median sold price is 1% higher 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
34
Current Contracts
35
Sold Vs. List Price
100.8%
Months of Supply
0.8
Up 6%
Vs. Year Ago
Up 25%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -77%
Vs. Year Ago

Months of Supply
In March, there was 0.8 months of supply available in Dinwiddie County, compared to 3.3 in March 2020. That is a decrease of 77% 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 Dinwiddie County compared to 32 in March 2020, an increase of 6%. There were 35 current contracts pending sale this March compared to 28 a year ago. The number of current contracts is 25% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Dinwiddie County was 100.8% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 32, lower than the average last year, which was 46, a decrease of 30%.

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.