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RSS FeedMay Fauquier Market Update |
Jun. 20, 2007
Categorized in: Local Market Conditions
Tagged with: fauquier county home sales, fauquier county market conditions, home inventory absorption
Today we spotlight the May market data for Fauquier County, Virginia. Try as I might I'm barely able to find a bright spot in this mess. True, the new listings hitting the market are slightly down. Very slightly! And inventory jumped again and now is at it's highest point since the market shifted. We're looking at about 16 months to absorb current inventory.
The bottom line here is that it may be true, as some have reported, that the market has bottomed out. But there's surely no way to know that from these numbers. Like all of you I'm wildly hopeful that we've reached bottom.
If any one sees something to inspire more optimism here I'm all ears!
|
MONTH
|
ACTIVE
|
NEW LISTINGS
|
NEW CONTRACTS
|
SOLD
|
|
02/06
|
489
|
149
|
64
|
54
|
|
03/06
|
610
|
296
|
91
|
61
|
|
04/06
|
692
|
254
|
94
|
77
|
|
05/06
|
732
|
237
|
107
|
87
|
|
06/06
|
781
|
218
|
78
|
90
|
|
07/06
|
816
|
190
|
62
|
54
|
|
08/06
|
823
|
206
|
79
|
79
|
|
09/06
|
794
|
162
|
62
|
61
|
|
10/06
|
821
|
197
|
51
|
55
|
|
11/06
|
723
|
105
|
59
|
44
|
|
12/06
|
643
|
71
|
36
|
54
|
|
01/07
|
656
|
171
|
60
|
42
|
|
02/07
|
676
|
135
|
71
|
53
|
|
03/07
|
723
|
212
|
94
|
62
|
|
04/07
|
804
|
217
|
66
|
68
|
|
05/07
|
867
|
206
|
53
|
55
|
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