 |
|
 |
|
FOCUS ON: FLUVANNA COUNTY HOUSING MARKET |
JUNE 2025 |
|
Units Sold
29 |
Active Inventory
86 |
Median Sale Price
$464,000 |
Days On Market
30 |
|
|
|
|
Down -22%
Vs. Year Ago |
Up 37%
Vs. Year Ago |
Up
Vs. Year Ago |
Up 43%
Vs. Year Ago |
|
|
|
Units Sold
There was a decrease in total units sold in June, with 29 sold this month in Fluvanna County Real Estate versus 41 last month, a decrease of 29%. This month's total units sold was lower than at this time last year, a decrease of 22% versus June 2024.
|
Active Inventory
Versus last year, the total number of homes available this month is higher by 23 units or 37%. The total number of active inventory this June was 86 compared to 63 in June 2024. This month's total of 86 is higher than the previous month's total supply of available inventory of 79, an increase of 9%.
|
|
|
Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Fluvanna County Homes was $365,000. This June, the median sale price was $464,000, an increase of $99,000 compared to last year. The current median sold price is higher than in May.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
|
|
|
|
New Listings
45 |
Current Contracts
31 |
Sold Vs. List Price
99.8% |
Months of Supply
3.0 |
|
|
|
|
Down -4%
Vs. Year Ago |
Down -26%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 75%
Vs. Year Ago |
|
|
|
Months of Supply
In June, there was 3.0 months of supply available in Fluvanna County, compared to 1.7 in June 2024. That is an increase of 74% 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 45 homes newly listed for sale in Fluvanna County compared to 47 in June 2024, a decrease of 4%. There were 31 current contracts pending sale this June compared to 42 a year ago. The number of current contracts is 26% lower than last June.
|
|
|
Sale Price to List Price Ratio
In June, the average sale price in Fluvanna County was 99.8% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 30, higher than the average last year, which was 21, an increase of 43%.
|
|
|
 |
*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. |