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| MAY 2025 | |||
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| Units Sold 24 |
Active Inventory 103 |
Median Sale Price $505,000 |
Days On Market 24 |
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| Up Vs. Year Ago |
Down -5% Vs. Year Ago |
Up Vs. Year Ago |
Down Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in May, with 24 sold this month in Nelson County Real Estate. This month's total units sold was higher than at this time last year, an increase from May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 5 units or 5%. The total number of active inventory this May was 103 compared to 108 in May 2024. This month's total of 103 is higher than the previous month's total supply of available inventory of 97, an increase of 6%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last May, the median sale price for Nelson County Homes was $380,000. This May, the median sale price was $505,000, an increase of $125,000 compared to last year. The current median sold price is 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. |
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| New Listings 42 |
Current Contracts 26 |
Sold Vs. List Price 99.7% |
Months of Supply 4.3 |
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| Down -14% Vs. Year Ago |
Down -10% Vs. Year Ago |
Up 3.7% Vs. Year Ago |
Down -17% Vs. Year Ago |
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Months of Supply
In May, there was 4.3 months of supply available in Nelson County, compared to 5.1 in May 2024. That is a decrease of 17% 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. |
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New Listings & Current Contracts
This month there were 42 homes newly listed for sale in Nelson County compared to 49 in May 2024, a decrease of 14%. There were 26 current contracts pending sale this May compared to 29 a year ago. The number of current contracts is 10% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Nelson County was 99.7% of the average list price, which is 3.6% higher than at this time last year. Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 50. This decrease was impacted by the limited number of sales. | |||
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| *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 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. |
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