The Long & Foster Market Minute

Focus On: Fauquier County Housing Market April 2020

Units Sold
100
Active Inventory
262
Median Sale Price
$435,500
Days On Market
32
Down -12%
Vs. Year Ago
Down -37%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 100 sold this month in Fauquier County Real Estate versus 120 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 12% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 151 units or 37%. The total number of active inventory this April was 262 compared to 413 in April 2019. This month's total of 262 is lower than the previous month's total supply of available inventory of 280, a decrease of 6%.

Median Sale Price
Last April, the median sale price for Fauquier County Homes was $402,000. This April, the median sale price was $435,500, an increase of 8% or $33,500 compared to last year. The current median sold price is 2% higher than in March.

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


New Listings
116
Current Contracts
101
Sold Vs. List Price
97.4%
Months of Supply
2.6
Down -50%
Vs. Year Ago
Down -30%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In April, there was 2.6 months of supply available in Fauquier County, compared to 3.6 in April 2019. That is a decrease of 28% 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 116 homes newly listed for sale in Fauquier County compared to 233 in April 2019, a decrease of 50%. There were 101 current contracts pending sale this April compared to 145 a year ago. The number of current contracts is 30% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Fauquier County was 97.4% of the average list price, which is 0.7% lower 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 37, a decrease of 14%.

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 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.