 |
|
 |
|
FOCUS ON: CLARKE COUNTY HOUSING MARKET |
MAY 2025 |
|
Units Sold
17 |
Active Inventory
36 |
Median Sale Price
$600,000 |
Days On Market
21 |
|
|
|
|
No Change
Vs. Year Ago |
Up 20%
Vs. Year Ago |
Down -11%
Vs. Year Ago |
Down -36%
Vs. Year Ago |
|
|
|
Units Sold
There was an increase in total units sold in May, with 17 sold this month in Clarke County Real Estate, an increase of 21%. This month's total units sold is similar compared to a year ago.
|
Active Inventory
Versus last year, the total number of homes available this month is higher by 6 units or 20%. The total number of active inventory this May was 36 compared to 30 in May 2024. This month's total of 36 is lower than the previous month's total supply of available inventory of 40, a decrease of 10%.
|
|
|
Median Sale Price
Last May, the median sale price for Clarke County Homes was $677,500. This May, the median sale price was $600,000, a decrease of 11% or $77,500 compared to last year. The current median sold price is 8% 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.
|
|
|
|
New Listings
19 |
Current Contracts
18 |
Sold Vs. List Price
99.5% |
Months of Supply
2.1 |
|
|
|
|
Down -10%
Vs. Year Ago |
Down -18%
Vs. Year Ago |
Up 0.9%
Vs. Year Ago |
Up 20%
Vs. Year Ago |
|
|
|
Months of Supply
In May, there was 2.1 months of supply available in Clarke County, compared to 1.8 in May 2024. That is an increase of 20% 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 19 homes newly listed for sale in Clarke County compared to 21 in May 2024, a decrease of 10%. There were 18 current contracts pending sale this May compared to 22 a year ago. The number of current contracts is 18% lower than last May.
|
|
|
Sale Price to List Price Ratio
In May, the average sale price in Clarke County was 99.5% of the average list price, which is 0.9% higher than at this time last year.
Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 33, a decrease of 36%.
|
|
|
 |
*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc. |