The Long & Foster Market Minute

Focus On: Goochland County Housing Market April 2019

Units Sold
26
Active Inventory
151
Median Sale Price
$363,500
Days On Market
68
No Change
Vs. Year Ago
Down -2%
Vs. Year Ago
Down
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 26 sold this month in Goochland County Real Estate, an increase of 37%. 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 lower by 3 units or 2%. The total number of active inventory this April was 151 compared to 154 in April 2018. This month's supply remained stable as compared to last month.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last April, the median sale price for Goochland County Homes was $531,594. This April, the median sale price was $363,500, a decrease of $168,094 compared to last year. The current median sold price is higher than in March.

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


New Listings
55
Current Contracts
34
Sold Vs. List Price
100.0%
Months of Supply
5.8
Up 15%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -2%
Vs. Year Ago

Months of Supply
In April, there was 5.8 months of supply available in Goochland County, compared to 5.9 in April 2018. That is a decrease of 2% 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 55 homes newly listed for sale in Goochland County compared to 48 in April 2018, an increase of 15%. There were 34 current contracts pending sale this April compared to 36 a year ago. The number of current contracts is 6% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Goochland County was 100.0% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 68, higher than the average last year, which was 33. 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.