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Piedmont Real Estate Blog

Blog by Julie Emery
Amissville, Virginia

An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area. Julie is an Associate Broker at Century 21 New Millennium, 5451 Old Alexandria Turnpike, Warrenton, VA 20187

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Piedmont Real Estate Blog

Culpeper May Numbers

Jun. 19, 2007
Categorized in: Local Market Conditions

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