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| APRIL 2025 | |||
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| Units Sold 36 |
Active Inventory 129 |
Median Sale Price $436,250 |
Days On Market 37 |
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| Down -16% Vs. Year Ago |
Up 52% Vs. Year Ago |
Up 2% Vs. Year Ago |
Down -3% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in April, with 36 sold this month in New Kent County Real Estate versus 38 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 16% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 44 units or 52%. The total number of active inventory this April was 129 compared to 85 in April 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 April, the median sale price for New Kent County Homes was $427,545. This April, the median sale price was $436,250, an increase of 2% or $8,705 compared to last year. The current median sold price is 5% lower than in March. 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 64 |
Current Contracts 46 |
Sold Vs. List Price 101.0% |
Months of Supply 3.6 |
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| Up 78% Vs. Year Ago |
Up 28% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 81% Vs. Year Ago |
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Months of Supply
In April, there was 3.6 months of supply available in New Kent County, compared to 2.0 in April 2024. That is an increase of 81% 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 64 homes newly listed for sale in New Kent County compared to 36 in April 2024, an increase of 78%. There were 46 current contracts pending sale this April compared to 36 a year ago. The number of current contracts is 28% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in New Kent County was 101.0% of the average list price, which is 1.1% lower than at this time last year. Days on Market
This month, the average number of days on market was 37, lower than the average last year, which was 38, a decrease of 3%. | |||
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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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