The Spotsylvania area market has definitely rebounded from the snowy beginning to 2010. Buyers seem to be coming out in droves, especially in the $200,000 and under pricepoints. We are in a very interesting time now as our inventory is down considerably, houses are not staying on the market for nearly as long as they were last year, and buyers are trying to make sure they go under contract by April 30th if they qualify for the tax credit.
Here are our most recent stats for Spotsylvania County for the month of February:
- New listings down 27.4%.
- Closed Sales down 4.7% over February 2009.
- The Percent of Original Sales Price Received at Sale rose by a healthy 9% to 95.3%.
- Average Days on Market fell 43.4%.
- Average DOM 66 days
There has also been a small drop in Median Sales Price, down 4.5% to $177,600.
Commentary and market stats provided by Amy Cherry-Taylor, Business Manager, Stafford Regional Office.
Search for Home in Spotsylvania County: www.averyhess.com