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| JUNE 2025 | |||
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| Units Sold 5 |
Active Inventory 42 |
Median Sale Price $982,000 |
Days On Market 49 |
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| Down Vs. Year Ago |
Up 31% Vs. Year Ago |
Up Vs. Year Ago |
Down -16% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in June, with 5 sold this month in Rappahannock County Real Estate. This month's total units sold was lower than at this time last year, a decrease from June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 31%. The total number of active inventory this June was 42 compared to 32 in June 2024. This month's total of 42 is higher than the previous month's total supply of available inventory of 36, an increase of 17%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Rappahannock County Homes was $511,875. This June, the median sale price was $982,000, an increase of $470,125 compared to last year. The current median sold price is higher 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 11 |
Current Contracts 4 |
Sold Vs. List Price 91.7% |
Months of Supply 8.4 |
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| Up 22% Vs. Year Ago |
Down -43% Vs. Year Ago |
Down -2.9% Vs. Year Ago |
Up 110% Vs. Year Ago |
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Months of Supply
In June, there was 8.4 months of supply available in Rappahannock County, compared to 4.0 in June 2024. That is an increase of 110% 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 11 homes newly listed for sale in Rappahannock County compared to 9 in June 2024, an increase of 22%. There were 4 current contracts pending sale this June compared to 7 a year ago. The number of current contracts is 43% lower than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Rappahannock County was 91.7% of the average list price, which is 2.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 49, lower than the average last year, which was 58, a decrease of 16%. | |||
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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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc. |
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