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| JULY 2025 | |||
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| Units Sold 48 |
Active Inventory 129 |
Median Sale Price $469,745 |
Days On Market 32 |
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| Up Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -5% Vs. Year Ago |
Down -11% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 48 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 12 units or 10%. The total number of active inventory this July was 129 compared to 117 in July 2024. This month's total of 129 is higher than the previous month's total supply of available inventory of 123, an increase of 5%. |
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Median Sale Price
Last July, the median sale price for New Kent County Homes was $494,359. This July, the median sale price was $469,745, a decrease of 5% or $24,614 compared to last year. The current median sold price is 1% higher than in June. 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 55 |
Current Contracts 35 |
Sold Vs. List Price 100.5% |
Months of Supply 2.7 |
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| Up 34% Vs. Year Ago |
Up 17% Vs. Year Ago |
Down -3.2% Vs. Year Ago |
Down -19% Vs. Year Ago |
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Months of Supply
In July, there was 2.7 months of supply available in New Kent County, compared to 3.3 in July 2024. That is a decrease of 20% 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 55 homes newly listed for sale in New Kent County compared to 41 in July 2024, an increase of 34%. There were 35 current contracts pending sale this July compared to 30 a year ago. The number of current contracts is 17% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in New Kent County was 100.5% of the average list price, which is 3.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 32, lower than the average last year, which was 36, a decrease of 11%. | |||
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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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