The Long & Foster Market Minute

Focus On: Goochland County Housing Market December 2021

Units Sold
39
Active Inventory
49
Median Sale Price
$485,883
Days On Market
42
Down -17%
Vs. Year Ago
Down -47%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 39 sold this month in Goochland County Real Estate versus 42 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 17% versus December 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 43 units or 47%. The total number of active inventory this December was 49 compared to 92 in December 2020. This month's total of 49 is lower than the previous month's total supply of available inventory of 59, a decrease of 17%.

Median Sale Price
Last December, the median sale price for Goochland County Homes was $450,000. This December, the median sale price was $485,883, an increase of 8% or $35,883 compared to last year. The current median sold price is 10% higher than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
43
Current Contracts
32
Sold Vs. List Price
97.8%
Months of Supply
1.3
Up 30%
Vs. Year Ago
Down -9%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In December, there was 1.3 months of supply available in Goochland County, compared to 2.0 in December 2020. That is a decrease 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.

New Listings & Current Contracts
This month there were 43 homes newly listed for sale in Goochland County compared to 33 in December 2020, an increase of 30%. There were 32 current contracts pending sale this December compared to 35 a year ago. The number of current contracts is 9% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Goochland County was 97.8% of the average list price, which is 0.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 42, higher than the average last year, which was 28. This increase was impacted by the limited number of sales.

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 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.