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RSS FeedRappahannock May Numbers |
Jun. 22, 2007
Categorized in: Local Market Conditions
Tagged with: homes for sale in rappahannock county, rappahannock county housing inventory, real estate information
Now we move on to the Rappahannock County housing numbers for May. As we've noted in the past, there is less volatility in Rappahannock County. While we do see a drop in new listings and total active listings here, as elsewhere, remains high, there's not as much change as we've seen in Culpeper or Fauquier County.
The connecting theme is too much inventory. Selling two homes a month will require about three years to clear out current inventory. But the inventory is a little different in Rappahannock as well with a higher percentage of the market taken up by larger properties with higher price tags that do typically sell more slowly.
|
MONTH
|
ACTIVE
|
NEW LISTINGS
|
NEW CONTRACTS
|
SOLD
|
|
02/06
|
42
|
10
|
3
|
4
|
|
03/06
|
49
|
16
|
7
|
3
|
|
04/06
|
58
|
17
|
6
|
5
|
|
05/06
|
68
|
21
|
5
|
7
|
|
06/06
|
68
|
16
|
7
|
2
|
|
07/06
|
70
|
12
|
2
|
5
|
|
08/06
|
74
|
19
|
3
|
3
|
|
09/06
|
78
|
19
|
8
|
4
|
|
10/06
|
84
|
25
|
5
|
5
|
|
11/06
|
81
|
8
|
6
|
7
|
|
12/06
|
75
|
6
|
5
|
6
|
|
01/07
|
64
|
10
|
5
|
5
|
|
02/07
|
64
|
13
|
5
|
3
|
|
03/07
|
66
|
10
|
3
|
5
|
|
04/07
|
81
|
22
|
3
|
3
|
|
05/07
|
80
|
10
|
2
|
2
|
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