2018 Rappahannock Market Trends
2018 Madison Market Trends Report
In 2018 the number of real estate transactions in the Heart of the Piedmont declined from the previous year, however there were some notable bright spots. The number of transactions decreased by 5% although the total dollar value of real estate sales increased by 1% with $867,572,329 sold in 2018 and $859,127,537 sold in 2017.
Residential transactions decreased in numbers by 5%. On a county by county basis, Rappahannock and Madison transactions increased 5% and 25% respectively while Fauquier declined 8% and Culpeper decreased 5%.
Land & Farm transactions decreased by 5%. On a county by county basis, Fauquier and Madison increased 7% and 27% respectively while Culpeper was decreased 17% and Rappahannock decreased 38%.
Madison Home Sales
KEY RESIDENTIAL MARKET INDICATORS
Twenty-four properties sold in the 4th quarter of 2018 compared to 18 properties in the 4th quarter of 2017.
There are currently 63 residential properties for sale which is about a 7-month supply. The active listing have an average days on market of 105. The average list price of homes currently on the market is $319,363. In 2018, homes sold for an average 1.6% below the list price.
Madison Land & Farm Sales
KEY LAND AND FARM MARKET INDICATORS
Fourteen properties sold in the 4th quarter of 2018 compared to 10 properties in the 4th quarter of 2017.
There are currently 116 properties for sale which is about a 39-month supply. The lots currently on the market have an average days on market of 614.
View the 2018 Market Trends Report.
View the 2017 Market Trends Report,