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| Focus On: Augusta County Housing Market | May 2020 | ||
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| Units Sold 43 |
Active Inventory 74 |
Median Sale Price $229,000 |
Days On Market 62 |
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| No Change Vs. Year Ago |
Down -45% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 19% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 43 sold this month in Augusta County Real Estate, an increase of 72%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 61 units or 45%. The total number of active inventory this May was 74 compared to 135 in May 2019. This month's total of 74 is lower than the previous month's total supply of available inventory of 95, a decrease of 22%. |
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Median Sale Price
Last May, the median sale price for Augusta County Homes was $207,000. This May, the median sale price was $229,000, an increase of 11% or $22,000 compared to last year. The current median sold price is 9% lower 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 48 |
Current Contracts 62 |
Sold Vs. List Price 95.4% |
Months of Supply 1.7 |
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| Down -44% Vs. Year Ago |
Up 38% Vs. Year Ago |
Down -4.6% Vs. Year Ago |
Down -45% Vs. Year Ago |
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Months of Supply
In May, there was 1.7 months of supply available in Augusta County, compared to 3.1 in May 2019. That is a decrease of 45% 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 48 homes newly listed for sale in Augusta County compared to 86 in May 2019, a decrease of 44%. There were 62 current contracts pending sale this May compared to 45 a year ago. The number of current contracts is 38% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Augusta County was 95.4% of the average list price, which is 4.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 62, higher than the average last year, which was 52, an increase of 19%. | |||
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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 CGAHR 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 CGAHR or Long & Foster Real Estate, Inc. |
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