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| MARCH 2025 | |||
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| Units Sold 27 |
Active Inventory 76 |
Median Sale Price $487,500 |
Days On Market 44 |
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| Down -7% Vs. Year Ago |
Up 4% Vs. Year Ago |
Down -6% Vs. Year Ago |
Down -14% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 27 sold this month in Nelson County Real Estate versus 21 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 7% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 3 units or 4%. The total number of active inventory this March was 76 compared to 73 in March 2024. This month's total of 76 is higher than the previous month's total supply of available inventory of 75, an increase of 1%. |
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Median Sale Price
Last March, the median sale price for Nelson County Homes was $520,000. This March, the median sale price was $487,500, a decrease of 6% or $32,500 compared to last year. The current median sold price is 20% higher than in February. 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 23 |
Sold Vs. List Price 97.0% |
Months of Supply 2.8 |
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| Up 46% Vs. Year Ago |
Up 53% Vs. Year Ago |
No Change Vs. Year Ago |
Up 12% Vs. Year Ago |
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Months of Supply
In March, there was 2.8 months of supply available in Nelson County, compared to 2.5 in March 2024. That is an increase of 12% 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 24 in March 2024, an increase of 46%. There were 23 current contracts pending sale this March compared to 15 a year ago. The number of current contracts is 53% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Nelson County was 97.0% 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 44, lower than the average last year, which was 51, a decrease of 14%. | |||
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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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