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| JULY 2025 | |||
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| Units Sold 42 |
Active Inventory 92 |
Median Sale Price $503,625 |
Days On Market 22 |
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| Up 17% Vs. Year Ago |
Up 18% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 57% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 42 sold this month in Powhatan County Real Estate versus 33 last month, an increase of 27%. This month's total units sold was higher than at this time last year, an increase of 17% versus July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 18%. The total number of active inventory this July was 92 compared to 78 in July 2024. This month's total of 92 is lower than the previous month's total supply of available inventory of 99, a decrease of 7%. |
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Median Sale Price
Last July, the median sale price for Powhatan County Homes was $438,500. This July, the median sale price was $503,625, an increase of 15% or $65,125 compared to last year. The current median sold price is 1% lower 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 53 |
Current Contracts 45 |
Sold Vs. List Price 101.6% |
Months of Supply 2.2 |
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| No Change Vs. Year Ago |
Up 61% Vs. Year Ago |
Up 2% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In July, there was 2.2 months of supply available in Powhatan 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 53 homes newly listed for sale in Powhatan County, which is similar to the amount in July 2024. There were 45 current contracts pending sale this July compared to 28 a year ago. The number of current contracts is 61% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Powhatan County was 101.6% of the average list price, which is 2.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 22, higher than the average last year, which was 14, an increase of 57%. | |||
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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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