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FOCUS ON: AUGUSTA COUNTY HOUSING MARKET |
APRIL 2025 |
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Units Sold
47 |
Active Inventory
87 |
Median Sale Price
$345,000 |
Days On Market
52 |
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Up
Vs. Year Ago |
Up 30%
Vs. Year Ago |
Up 15%
Vs. Year Ago |
Up 117%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 47 sold this month in Augusta County Real Estate. This month's total units sold was higher than at this time last year.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 20 units or 30%. The total number of active inventory this April was 87 compared to 67 in April 2024. This month's total of 87 is lower than the previous month's total supply of available inventory of 92, a decrease of 5%.
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Median Sale Price
Last April, the median sale price for Augusta County Homes was $300,000. This April, the median sale price was $345,000, an increase of 15% or $45,000 compared to last year. The current median sold price is 1% 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
76 |
Current Contracts
68 |
Sold Vs. List Price
96.2% |
Months of Supply
1.9 |
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Up 69%
Vs. Year Ago |
Up 89%
Vs. Year Ago |
Down -3.2%
Vs. Year Ago |
Down -14%
Vs. Year Ago |
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Months of Supply
In April, there was 1.9 months of supply available in Augusta County, compared to 2.2 in April 2024. That is a decrease of 14% 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 76 homes newly listed for sale in Augusta County compared to 45 in April 2024, an increase of 69%. There were 68 current contracts pending sale this April compared to 36 a year ago. The number of current contracts is 89% higher than last April.
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Sale Price to List Price Ratio
In April, the average sale price in Augusta County was 96.2% of the average list price, which is 3.2% lower than at this time last year.
Days on Market
This month, the average number of days on market was 52, higher than the average last year, which was 24, an increase of 117%.
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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 CGAHR 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 CGAHR or Long & Foster Real Estate, Inc. |