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| Focus On: Culpeper County Housing Market | December 2019 | ||
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| Units Sold 56 |
Active Inventory 193 |
Median Sale Price $303,000 |
Days On Market 56 |
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| Up 24% Vs. Year Ago |
Down -35% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -45% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in December, with 56 sold this month in Culpeper County Real Estate versus 49 last month, an increase of 14%. This month's total units sold was higher than at this time last year, an increase of 24% versus December 2018. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 103 units or 35%. The total number of active inventory this December was 193 compared to 296 in December 2018. This month's total of 193 is lower than the previous month's total supply of available inventory of 265, a decrease of 27%. |
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Median Sale Price
Last December, the median sale price for Culpeper County Homes was $289,900. This December, the median sale price was $303,000, an increase of 5% or $13,100 compared to last year. The current median sold price is 4% higher than in November. 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 40 |
Current Contracts 41 |
Sold Vs. List Price 98.5% |
Months of Supply 3.4 |
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| Down -17% Vs. Year Ago |
Up 37% Vs. Year Ago |
No Change Vs. Year Ago |
Down -48% Vs. Year Ago |
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Months of Supply
In December, there was 3.4 months of supply available in Culpeper County, compared to 6.6 in December 2018. That is a decrease of 48% 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 40 homes newly listed for sale in Culpeper County compared to 48 in December 2018, a decrease of 17%. There were 41 current contracts pending sale this December compared to 30 a year ago. The number of current contracts is 37% higher than last December. |
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Sale Price to List Price Ratio
In December, the average sale price in Culpeper County was 98.5% 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 56, lower than the average last year, which was 101, a decrease of 45%. | |||
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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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc. |
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