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| JULY 2025 | |||
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| Units Sold 7 |
Active Inventory 42 |
Median Sale Price $625,000 |
Days On Market 121 |
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| Up Vs. Year Ago |
Up 14% Vs. Year Ago |
Down Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in July, with 7 sold this month in Rappahannock County Real Estate. This month's total units sold was higher than at this time last year, an increase from July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 5 units or 14%. The total number of active inventory this July was 42 compared to 37 in July 2024. This month's total of 42 is lower than the previous month's total supply of available inventory of 43, a decrease of 2%. |
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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 July, the median sale price for Rappahannock County Homes was $1,050,000. This July, the median sale price was $625,000, a decrease of $425,000 compared to last year. The current median sold price is 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 12 |
Current Contracts 8 |
Sold Vs. List Price 95.6% |
Months of Supply 6.0 |
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| Up 9% Vs. Year Ago |
Up 167% Vs. Year Ago |
Down -3.7% Vs. Year Ago |
Down -35% Vs. Year Ago |
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Months of Supply
In July, there was 6.0 months of supply available in Rappahannock County, compared to 9.3 in July 2024. That is a decrease of 35% 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 12 homes newly listed for sale in Rappahannock County compared to 11 in July 2024, an increase of 9%. There were 8 current contracts pending sale this July compared to 3 a year ago. The number of current contracts is 167% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Rappahannock County was 95.6% of the average list price, which is 3.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 121, higher than the average last year, which was 46. This increase was impacted by the limited number of sales. | |||
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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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