Buckingham County Housing Market Data

The number of units sold remained stable in August, with 5 sold this month in Buckingham County Real Estate. This month's total units sold was higher than at this time last year, an increase of 125% versus August 2020.

Versus last year, the total number of homes available this month is lower by 3 units or 21%. The total number of active inventory this August was 11 compared to 14 in August 2020. This month's total of 11 is lower than the previous month's total supply of available inventory of 12, a decrease of 8%.

Last August, the median sale price for Buckingham County Homes was $166,750. This August, the median sale price was $145,000, a decrease of 13% or $21,750 compared to last year. The current median sold price is 4% higher 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.

In August, there was 2.2 months of supply available in Buckingham County, compared to 7.0 in August 2020. That is a decrease of 69% 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 9 homes newly listed for sale in Buckingham County compared to 4 in August 2020, an increase of 125%. There were 9 current contracts pending sale this August compared to 7 a year ago. The number of current contracts is 29% higher than last August.

In August, the average sale price in Buckingham County was 91.1% of the average list price, which is lower than at this time last year.

This month, the average number of days on market was 17, higher than the average last year, which was 4. This increase was impacted by the limited number of sales.





Focus On: Buckingham County Housing Market			August 2021

Units Sold 5	Active Inventory 11	Median Sale Price $145,000	Days On Market 17

Up 150% Vs. Year Ago	Down -21% Vs. Year Ago	Down -13% Vs. Year Ago	Up Vs. Year Ago


		Units Sold The number of units sold remained stable in August, with 5 sold this month in Buckingham County Real Estate. This month's total units sold was higher than at this time last year, an increase of 125% versus August 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 21%. The total number of active inventory this August was 11 compared to 14 in August 2020. This month's total of 11 is lower than the previous month's total supply of available inventory of 12, a decrease of 8%.
		Median Sale Price Last August, the median sale price for Buckingham County Homes was $166,750. This August, the median sale price was $145,000, a decrease of 13% or $21,750 compared to last year. The current median sold price is 4% higher 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.



New Listings 9	Current Contracts 9	Sold Vs. List Price 91.1%	Months of Supply 2.2

Up 125% Vs. Year Ago	Up 29% Vs. Year Ago	Down Vs. Year Ago	Down -69% Vs. Year Ago


		Months of Supply In August, there was 2.2 months of supply available in Buckingham County, compared to 7.0 in August 2020. That is a decrease of 69% 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 9 homes newly listed for sale in Buckingham County compared to 4 in August 2020, an increase of 125%. There were 9 current contracts pending sale this August compared to 7 a year ago. The number of current contracts is 29% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Buckingham County was 91.1% of the average list price, which is lower than at this time last year. Days on Market This month, the average number of days on market was 17, higher than the average last year, which was 4. This increase was impacted by the limited number of sales.



	*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 SCAR 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 SCAR or Long & Foster Real Estate, Inc.