 |
|||
 |
|||
| | |||
| MAY 2025 | |||
| | |||
| Units Sold 418 |
Active Inventory 634 |
Median Sale Price $420,000 |
Days On Market 21 |
|
|
|
|
|
| Up 9% Vs. Year Ago |
Up 25% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 24% Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in May, with 418 sold this month in Henrico County Real Estate versus 368 last month, an increase of 14%. This month's total units sold was higher than at this time last year, an increase of 9% versus May 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 128 units or 25%. The total number of active inventory this May was 634 compared to 506 in May 2024. This month's total of 634 is lower than the previous month's total supply of available inventory of 643, a decrease of 1%. |
|||
Median Sale Price
Last May, the median sale price for Henrico County Homes was $386,000. This May, the median sale price was $420,000, an increase of 9% or $34,000 compared to last year. The current median sold price is 4% 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. |
|||
| | |||
| New Listings 495 |
Current Contracts 436 |
Sold Vs. List Price 102.2% |
Months of Supply 1.5 |
|
|
|
|
|
| Up 6% Vs. Year Ago |
Up 17% Vs. Year Ago |
Down -0.5% Vs. Year Ago |
Up 16% Vs. Year Ago |
| | |||
Months of Supply
In May, there was 1.5 months of supply available in Henrico County, compared to 1.3 in May 2024. That is an increase of 15% 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 495 homes newly listed for sale in Henrico County compared to 468 in May 2024, an increase of 6%. There were 436 current contracts pending sale this May compared to 373 a year ago. The number of current contracts is 17% higher than last May. |
|||
Sale Price to List Price Ratio
In May, the average sale price in Henrico County was 102.2% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 21, higher than the average last year, which was 17, an increase of 24%. | |||
 |
|||
| *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 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. |
|||