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FOCUS ON: FLUVANNA COUNTY HOUSING MARKET |
MARCH 2025 |
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Units Sold
30 |
Active Inventory
49 |
Median Sale Price
$365,500 |
Days On Market
44 |
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Up
Vs. Year Ago |
Up 63%
Vs. Year Ago |
Up 4%
Vs. Year Ago |
Down -2%
Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 30 sold this month in Fluvanna County Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 19 units or 63%. The total number of active inventory this March was 49 compared to 30 in March 2024. This month's total of 49 is lower than the previous month's total supply of available inventory of 59, a decrease of 17%.
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Median Sale Price
Last March, the median sale price for Fluvanna County Homes was $350,000. This March, the median sale price was $365,500, an increase of 4% or $15,500 compared to last year. The current median sold price is 8% higher than in February.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
36 |
Current Contracts
41 |
Sold Vs. List Price
99.1% |
Months of Supply
1.6 |
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Down -8%
Vs. Year Ago |
Up 17%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 36%
Vs. Year Ago |
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Months of Supply
In March, there was 1.6 months of supply available in Fluvanna County, compared to 1.2 in March 2024. That is an increase of 36% 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.
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New Listings & Current Contracts
This month there were 36 homes newly listed for sale in Fluvanna County compared to 39 in March 2024, a decrease of 8%. There were 41 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 17% higher than last March.
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Sale Price to List Price Ratio
In March, the average sale price in Fluvanna County was 99.1% 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 44, lower than the average last year, which was 45, a decrease of 2%.
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*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. |