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| AUGUST 2024 | |||
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| Units Sold 42 |
Active Inventory 70 |
Median Sale Price $322,042 |
Days On Market 16 |
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| Up 20% Vs. Year Ago |
Up 27% Vs. Year Ago |
Down -11% Vs. Year Ago |
Down -41% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 42 sold this month in Augusta County Real Estate versus 47 last month, a decrease of 11%. This month's total units sold was higher than at this time last year, an increase of 20% versus August 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 15 units or 27%. The total number of active inventory this August was 70 compared to 55 in August 2023. This month's total of 70 is lower than the previous month's total supply of available inventory of 82, a decrease of 15%. |
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Median Sale Price
Last August, the median sale price for Augusta County Homes was $360,000. This August, the median sale price was $322,042, a decrease of 11% or $37,958 compared to last year. The current median sold price is 8% lower than in July. 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 53 |
Current Contracts 60 |
Sold Vs. List Price 101.4% |
Months of Supply 1.7 |
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| Up 15% Vs. Year Ago |
Up 33% Vs. Year Ago |
Up 1.4% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In August, there was 1.7 months of supply available in Augusta County. The amount of supply is similar compared to 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 53 homes newly listed for sale in Augusta County compared to 46 in August 2023, an increase of 15%. There were 60 current contracts pending sale this August compared to 45 a year ago. The number of current contracts is 33% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Augusta County was 101.4% of the average list price, which is 1.4% higher than at this time last year. Days on Market
This month, the average number of days on market was 16, lower than the average last year, which was 27, a decrease of 41%. | |||
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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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