KING GEORGE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 31 sold this month in King George County Real Estate versus 26 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 24% versus May 2024.

The total number of homes available this month is 66 units, which is similar compared to a year ago. This month's total of 66 is higher than the previous month's total supply of available inventory of 54, an increase of 22%.

Last May, the median sale price for King George County Homes was $470,000. This May, the median sale price was $490,000, an increase of 4% or $20,000 compared to last year. The current median sold price is 1% higher than in April.

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

In May, there was 2.1 months of supply available in King George County, compared to 1.6 in May 2024. That is an increase of 32% 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.

This month there were 51 homes newly listed for sale in King George County compared to 39 in May 2024, an increase of 31%. There were 28 current contracts pending sale this May compared to 42 a year ago. The number of current contracts is 33% lower than last May.

In May, the average sale price in King George County was 99.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 27, lower than the average last year, which was 33, a decrease of 18%.





FOCUS ON: KING GEORGE COUNTY HOUSING MARKET			MAY 2025

Units Sold 31	Active Inventory 66	Median Sale Price $490,000	Days On Market 27

Down -24% Vs. Year Ago	No Change Vs. Year Ago	Up 4% Vs. Year Ago	Down -18% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 31 sold this month in King George County Real Estate versus 26 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 24% versus May 2024.
Active Inventory The total number of homes available this month is 66 units, which is similar compared to a year ago. This month's total of 66 is higher than the previous month's total supply of available inventory of 54, an increase of 22%.
		Median Sale Price Last May, the median sale price for King George County Homes was $470,000. This May, the median sale price was $490,000, an increase of 4% or $20,000 compared to last year. The current median sold price is 1% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 51	Current Contracts 28	Sold Vs. List Price 99.9%	Months of Supply 2.1

Up 31% Vs. Year Ago	Down -33% Vs. Year Ago	No Change Vs. Year Ago	Up 32% Vs. Year Ago


		Months of Supply In May, there was 2.1 months of supply available in King George County, compared to 1.6 in May 2024. That is an increase of 32% 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 51 homes newly listed for sale in King George County compared to 39 in May 2024, an increase of 31%. There were 28 current contracts pending sale this May compared to 42 a year ago. The number of current contracts is 33% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in King George County was 99.9% 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 27, lower than the average last year, which was 33, a decrease of 18%.



	*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.