 |
|||
 |
|||
| | |||
| Focus On: Henrico County Housing Market | September 2021 | ||
| | |||
| Units Sold 503 |
Active Inventory 396 |
Median Sale Price $310,000 |
Days On Market 11 |
|
|
|
|
|
| Up 6% Vs. Year Ago |
Down -36% Vs. Year Ago |
Up 9% Vs. Year Ago |
Down -31% Vs. Year Ago |
| | |||
Units Sold
There was a decrease in total units sold in September, with 503 sold this month in Henrico County Real Estate versus 544 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 6% versus September 2020. |
|||
Active Inventory
Versus last year, the total number of homes available this month is lower by 222 units or 36%. The total number of active inventory this September was 396 compared to 618 in September 2020. This month's total of 396 is lower than the previous month's total supply of available inventory of 461, a decrease of 14%. |
|||
Median Sale Price
Last September, the median sale price for Henrico County Homes was $285,000. This September, the median sale price was $310,000, an increase of 9% or $25,000 compared to last year. The current median sold price is 3% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 476 |
Current Contracts 477 |
Sold Vs. List Price 102.8% |
Months of Supply 0.8 |
|
|
|
|
|
| Down -14% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 2.1% Vs. Year Ago |
Down -39% Vs. Year Ago |
| | |||
Months of Supply
In September, there was 0.8 months of supply available in Henrico County, compared to 1.3 in September 2020. That is a decrease of 39% 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 476 homes newly listed for sale in Henrico County compared to 555 in September 2020, a decrease of 14%. There were 477 current contracts pending sale this September compared to 481 a year ago. The number of current contracts is 1% lower than last September. |
|||
Sale Price to List Price Ratio
In September, the average sale price in Henrico County was 102.8% of the average list price, which is 2.1% higher than at this time last year. Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 16, a decrease of 31%. | |||
 |
|||
| *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 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. |
|||