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| JUNE 2025 | |||
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| Units Sold 55 |
Active Inventory 119 |
Median Sale Price $463,990 |
Days On Market 38 |
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| Up 6% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 8% Vs. Year Ago |
Up 52% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 55 sold this month in New Kent 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 higher by 6 units or 5%. The total number of active inventory this June was 119 compared to 113 in June 2024. This month's total of 119 is lower than the previous month's total supply of available inventory of 143, a decrease of 17%. |
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Median Sale Price
Last June, the median sale price for New Kent County Homes was $427,825. This June, the median sale price was $463,990, an increase of 8% or $36,165 compared to last year. The current median sold price is 1% lower than in May. 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 47 |
Current Contracts 46 |
Sold Vs. List Price 100.6% |
Months of Supply 2.2 |
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| Down -2% Vs. Year Ago |
Up 100% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In June, there was 2.2 months of supply available in New Kent County. The amount of supply is similar compared to 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 47 homes newly listed for sale in New Kent County compared to 48 in June 2024, a decrease of 2%. There were 46 current contracts pending sale this June compared to 23 a year ago. The number of current contracts remained stable as compared to last June. |
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Sale Price to List Price Ratio
In June, the average sale price in New Kent County was 100.6% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 38, higher than the average last year, which was 25, an increase of 52%. | |||
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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 CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc. |
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