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| Focus On: Nelson County Housing Market | December 2019 | ||
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| Units Sold 40 |
Active Inventory 223 |
Median Sale Price $267,500 |
Days On Market 111 |
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| Up Vs. Year Ago |
Down -7% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in December, with 40 sold this month in Nelson County Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 16 units or 7%. The total number of active inventory this December was 223 compared to 239 in December 2018. This month's total of 223 is lower than the previous month's total supply of available inventory of 232, a decrease of 4%. |
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Median Sale Price
Last December, the median sale price for Nelson County Homes was $245,000. This December, the median sale price was $267,500, an increase of 9% or $22,500 compared to last year. The current median sold price is 16% higher than in November. 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 20 |
Current Contracts 12 |
Sold Vs. List Price 93.2% |
Months of Supply 5.6 |
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| Down -17% Vs. Year Ago |
Up 33% Vs. Year Ago |
Down -3% Vs. Year Ago |
Down -37% Vs. Year Ago |
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Months of Supply
In December, there was 5.6 months of supply available in Nelson County, compared to 8.9 in December 2018. That is a decrease of 37% 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 20 homes newly listed for sale in Nelson County compared to 24 in December 2018, a decrease of 17%. There were 12 current contracts pending sale this December compared to 9 a year ago. The number of current contracts is 33% higher than last December. |
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Sale Price to List Price Ratio
In December, the average sale price in Nelson County was 93.2% of the average list price, which is 2.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 111, higher than the average last year, which was 97, an increase 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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