Number of Homes sold in Powhatan County
There was an increase in total units sold in December, with 31 sold this month in Powhatan County versus 28 last month, an increase of 11%. This month's total units sold was higher than at this time last year, an increase of 29% versus December 2010.
Amount of Homes listed for sale in Powhatan County
Versus last year, the total number of homes available this month is lower by 28 units or 12%. The total number of active inventory this December was 203 compared to 231 in December 2010. This month's total of 203 is lower than the previous month's total supply of available inventory of 231, a decrease of 12%.
Median Sale Price Of Homes Sold in Powhatan County
Last December, the median sale price for Powhatan County Homes was $230,950. This December, the median sale price was $219,950, a decrease of 5% or $11,000 compared to last year. The current median sold price is 2% lower than in November.
New Listings & Current Contracts
This month there were 29 homes newly listed for sale in Powhatan County compared to 37 in December 2010, a decrease of 22%. There were 22 current contracts pending sale this December compared to 20 a year ago. The number of current contracts is 10% higher than last December.
Days On Market
In December, the average sale price in Powhatan County was 98.4% of the average list price, which is 1.1% higher than at this time last year. This month, the average number of days on market was 82, lower than the average last year, which was 97, a decrease of 15%.
So what does all this mean to you, someone looking to buy or sell a home in Powhatan County? It means that you have a better chance of selling your home this year versus last, but you can expect to sell it for a lower price than you might have been able to get last year. If you are looking to buy a home in Powhatan County, you can expect to get a great deal on a home, but there are less homes to choose from this year than there were last.
My husband and I just got our new tax statement for our Powhatan County home. The tax value had gone down significantly since last year. If you would like to know what you could reasonably expect to get for your home in Powhatan County, please feel free to contact me. I'd be happy to discuss what your home could sell for and what we could do that would help your home to sell for the most possible.