CHARLES CITY COUNTY HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in May, with 9 sold this month in Charles City County Real Estate. This month's total units sold was higher than at this time last year, an increase from May 2024.

Versus last year, the total number of homes available this month is lower by 3 units or 33%. The total number of active inventory this May was 6 compared to 9 in May 2024. This month's supply remained stable as compared to last month.

Last May, the median sale price for Charles City County Homes was $310,078. This May, the median sale price was $330,000, an increase of 6% or $19,922 compared to last year. The current median sold price is 2% 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.

In May, there was 0.7 months of supply available in Charles City County, compared to 1.1 in May 2024. That is a decrease of 41% 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 4 homes newly listed for sale in Charles City County compared to 7 in May 2024, a decrease of 43%. There were 4 current contracts pending sale this May compared to 5 a year ago. The number of current contracts is 20% lower than last May.

In May, the average sale price in Charles City County was 101.0% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 12, lower than the average last year, which was 31. This decrease was impacted by the limited number of sales.





FOCUS ON: CHARLES CITY COUNTY HOUSING MARKET			MAY 2025

Units Sold 9	Active Inventory 6	Median Sale Price $330,000	Days On Market 12

Up Vs. Year Ago	Down -33% Vs. Year Ago	Up 6% Vs. Year Ago	Down Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in May, with 9 sold this month in Charles City County Real Estate. This month's total units sold was higher than at this time last year, an increase from May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 33%. The total number of active inventory this May was 6 compared to 9 in May 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last May, the median sale price for Charles City County Homes was $310,078. This May, the median sale price was $330,000, an increase of 6% or $19,922 compared to last year. The current median sold price is 2% 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 4	Current Contracts 4	Sold Vs. List Price 101.0%	Months of Supply 0.7

Down -43% Vs. Year Ago	Down -20% Vs. Year Ago	Down -1.6% Vs. Year Ago	Down -41% Vs. Year Ago


		Months of Supply In May, there was 0.7 months of supply available in Charles City County, compared to 1.1 in May 2024. That is a decrease of 41% 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 4 homes newly listed for sale in Charles City County compared to 7 in May 2024, a decrease of 43%. There were 4 current contracts pending sale this May compared to 5 a year ago. The number of current contracts is 20% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Charles City County was 101.0% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 12, lower than the average last year, which was 31. This decrease 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 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.