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The May numbers are in for Culpeper County. I've put in the entire table going back to February of 2006 so you can see the historic trends.
It would be a stretch to read any good news into these numbers. While I've been talking about seeing increasing activity in the marketplace you'd never know it by looking at these numbers. Inventory is now at it's highest level since the market shift began. It will take almost two years to absorb current inventory at current sales levels.
The other bad news is that the number of new contracts is down quite a bit after seeing slightly higher numbers in March and April.
On the good news front, the number of new listings coming on the market has dropped quite a bit this month. Thank heavens!
Now, we may just not be seeing the effects of the increased activity in the numbers yet. Increased showings don't always immediately result in more contracts. But my personal experience also includes more contracts. Looking at these numbers, you'd have to say that looks like a fluke. But maybe I'm just on the leading edge of a new trend. We can all hope!
|
MONTH
|
ACTIVE
|
NEW LISTINGS
|
NEW CONTRACTS
|
SOLD
|
|
02/06
|
465
|
133
|
65
|
49
|
|
03/06
|
556
|
204
|
74
|
58
|
|
04/06
|
592
|
177
|
70
|
67
|
|
05/06
|
689
|
226
|
72
|
65
|
|
06/06
|
738
|
183
|
53
|
64
|
|
07/06
|
759
|
140
|
48
|
43
|
|
08/06
|
751
|
151
|
43
|
40
|
|
09/06
|
723
|
138
|
64
|
44
|
|
10/06
|
705
|
121
|
32
|
44
|
|
11/06
|
625
|
81
|
39
|
38
|
|
12/06
|
612
|
80
|
30
|
38
|
|
01/07
|
640
|
165
|
41
|
19
|
|
02/07
|
623
|
91
|
48
|
36
|
|
03/07
|
643
|
145
|
54
|
52
|
|
04/07
|
740
|
211
|
53
|
32
|
|
05/07
|
788
|
165
|
37
|
40
|
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