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| APRIL 2025 | |||
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| Units Sold 34 |
Active Inventory 71 |
Median Sale Price $494,500 |
Days On Market 26 |
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| Down -3% Vs. Year Ago |
Up 29% Vs. Year Ago |
Down -9% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 34 sold this month in Powhatan County Real Estate versus 32 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 3% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 16 units or 29%. The total number of active inventory this April was 71 compared to 55 in April 2024. This month's total of 71 is higher than the previous month's total supply of available inventory of 62, an increase of 15%. |
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Median Sale Price
Last April, the median sale price for Powhatan County Homes was $545,000. This April, the median sale price was $494,500, a decrease of 9% or $50,500 compared to last year. The current median sold price is 1% higher 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 54 |
Current Contracts 35 |
Sold Vs. List Price 99.1% |
Months of Supply 2.1 |
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| Up 8% Vs. Year Ago |
Up 9% Vs. Year Ago |
Down -1.5% Vs. Year Ago |
Up 33% Vs. Year Ago |
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Months of Supply
In April, there was 2.1 months of supply available in Powhatan County, compared to 1.6 in April 2024. That is an increase of 33% 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 54 homes newly listed for sale in Powhatan County compared to 50 in April 2024, an increase of 8%. There were 35 current contracts pending sale this April compared to 32 a year ago. The number of current contracts is 9% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Powhatan County was 99.1% of the average list price, which is 1.5% lower than at this time last year. Days on Market
This month, the average number of days on market was 26, which is similar compared to a year ago. | |||
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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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