The Long & Foster Market Minute

Focus On: Fluvanna County Housing Market August 2021

Units Sold
59
Active Inventory
43
Median Sale Price
$308,500
Days On Market
12
Down -11%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -72%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 59 sold this month in Fluvanna County Real Estate versus 51 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 11% versus August 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 20 units or 32%. The total number of active inventory this August was 43 compared to 63 in August 2020. This month's total of 43 is lower than the previous month's total supply of available inventory of 48, a decrease of 10%.

Median Sale Price
Last August, the median sale price for Fluvanna County Homes was $251,250. This August, the median sale price was $308,500, an increase of 23% or $57,250 compared to last year. The current median sold price is 2% lower 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
56
Current Contracts
59
Sold Vs. List Price
102.1%
Months of Supply
0.7
Down -5%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 3.1%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In August, there was 0.7 months of supply available in Fluvanna County, compared to 1.0 in August 2020. That is a decrease of 24% 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 56 homes newly listed for sale in Fluvanna County compared to 59 in August 2020, a decrease of 5%. There were 59 current contracts pending sale this August compared to 56 a year ago. The number of current contracts is 5% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Fluvanna County was 102.1% of the average list price, which is 3.1% higher 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 43, a decrease of 72%.

The Long & Foster Market Minute
*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.
REALTOR, Equal Opportunity HousingInformation 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.