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| MAY 2025 | |||
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| Units Sold 71 |
Active Inventory 206 |
Median Sale Price $385,000 |
Days On Market 29 |
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| Up 3% Vs. Year Ago |
Up 8% Vs. Year Ago |
Up 8% Vs. Year Ago |
Down -34% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 71 sold this month in Bedford County Real Estate versus 61 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 3% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 15 units or 8%. The total number of active inventory this May was 206 compared to 191 in May 2024. This month's total of 206 is lower than the previous month's total supply of available inventory of 221, a decrease of 7%. |
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Median Sale Price
Last May, the median sale price for Bedford County Homes was $356,500. This May, the median sale price was $385,000, an increase of 8% or $28,500 compared to last year. The current median sold price is 2% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 111 |
Current Contracts 99 |
Sold Vs. List Price 99.9% |
Months of Supply 2.9 |
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| Up 1% Vs. Year Ago |
Up 30% Vs. Year Ago |
Up 1.1% Vs. Year Ago |
Up 5% Vs. Year Ago |
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Months of Supply
In May, there was 2.9 months of supply available in Bedford County, compared to 2.8 in May 2024. That is an increase of 5% 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. |
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New Listings & Current Contracts
This month there were 111 homes newly listed for sale in Bedford County compared to 110 in May 2024, an increase of 1%. There were 99 current contracts pending sale this May compared to 76 a year ago. The number of current contracts is 30% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Bedford County was 99.9% of the average list price, which is 1.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 29, lower than the average last year, which was 44, a decrease of 34%. | |||
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| *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. | |||
 Information 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. |
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