Bon Air and Huguenot Farms Housing Market Data

With relatively few transactions, there was a decrease in total units sold in April, with 28 sold this month in Bon Air and Huguenot Farms Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2022.

Versus last year, the total number of homes available this month is lower by 12 units or 32%. The total number of active inventory this April was 25 compared to 37 in April 2022. This month's total of 25 is lower than the previous month's total supply of available inventory of 26, a decrease of 4%.

Last April, the median sale price for Bon Air and Huguenot Farms Homes was $367,750. This April, the median sale price was $384,000, an increase of 4% or $16,250 compared to last year. The current median sold price is 2% lower 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.

In April, there was 0.9 months of supply available in Bon Air and Huguenot Farms, compared to 0.8 in April 2022. That is an increase of 13% 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.

This month there were 40 homes newly listed for sale in Bon Air and Huguenot Farms compared to 45 in April 2022, a decrease of 11%. There were 40 current contracts pending sale this April, approximately the same as a year ago. The number of current contracts is also similar as compared to the previous month.

In April, the average sale price in Bon Air and Huguenot Farms was 103.6% of the average list price, which is 4.4% lower than at this time last year.

This month, the average number of days on market was 16, lower than the average last year, which was 19, a decrease of 16%.





Focus On: Bon Air and Huguenot Farms Housing Market			April 2023

Zip Code(s): 23235
Units Sold 28	Active Inventory 25	Median Sale Price $384,000	Days On Market 16

Down Vs. Year Ago	Down -32% Vs. Year Ago	Up 4% Vs. Year Ago	Down -16% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in April, with 28 sold this month in Bon Air and Huguenot Farms Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 12 units or 32%. The total number of active inventory this April was 25 compared to 37 in April 2022. This month's total of 25 is lower than the previous month's total supply of available inventory of 26, a decrease of 4%.
		Median Sale Price Last April, the median sale price for Bon Air and Huguenot Farms Homes was $367,750. This April, the median sale price was $384,000, an increase of 4% or $16,250 compared to last year. The current median sold price is 2% lower 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 40	Current Contracts 40	Sold Vs. List Price 103.6%	Months of Supply 0.9

Down -11% Vs. Year Ago	No Change Vs. Year Ago	Down -4% Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In April, there was 0.9 months of supply available in Bon Air and Huguenot Farms, compared to 0.8 in April 2022. That is an increase of 13% 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 40 homes newly listed for sale in Bon Air and Huguenot Farms compared to 45 in April 2022, a decrease of 11%. There were 40 current contracts pending sale this April, approximately the same as a year ago. The number of current contracts is also similar as compared to the previous month.
		Sale Price to List Price Ratio In April, the average sale price in Bon Air and Huguenot Farms was 103.6% of the average list price, which is 4.4% lower 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 19, a decrease of 16%.


	Bon Air and Huguenot Farms are defined as properties listed in zip code/s 23235.
	*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.