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| Focus On: Nelson County Housing Market | August 2021 | ||
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| Units Sold 45 |
Active Inventory 45 |
Median Sale Price $320,000 |
Days On Market 20 |
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| Down -30% Vs. Year Ago |
Down -62% Vs. Year Ago |
Up 31% Vs. Year Ago |
Down -80% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in August, with 45 sold this month in Nelson County Real Estate versus 40 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 30% versus August 2020. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 73 units or 62%. The total number of active inventory this August was 45 compared to 118 in August 2020. This month's total of 45 is lower than the previous month's total supply of available inventory of 60, a decrease of 25%. |
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Median Sale Price
Last August, the median sale price for Nelson County Homes was $244,013. This August, the median sale price was $320,000, an increase of $75,987 compared to last year. The current median sold price is lower than in July. 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 35 |
Current Contracts 45 |
Sold Vs. List Price 96.0% |
Months of Supply 1.0 |
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| Down -45% Vs. Year Ago |
Down -46% Vs. Year Ago |
Down -1.2% Vs. Year Ago |
Down -46% Vs. Year Ago |
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Months of Supply
In August, there was 1.0 months of supply available in Nelson County, compared to 1.8 in August 2020. That is a decrease of 46% 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 35 homes newly listed for sale in Nelson County compared to 64 in August 2020, a decrease of 45%. There were 45 current contracts pending sale this August compared to 83 a year ago. The number of current contracts is 46% lower than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Nelson County was 96.0% of the average list price, which is 1.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 100, a decrease of 80%. | |||
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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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