Caroline County is an affordable area within easy commute of both the Fredericksburg and Richmond areas. An assortment of homes, from lakeside properties to new planned communities, make this area attractive choice for many buyers.
The median home price in the county increased by 52.73% over last year at this time, and is up 6.7% from September. There were fewer homes on the market, another indicator that lack of inventory helped boost prices. The largest sector of purchasers paid cash for their homes, but all other financing options are represented as well. If you’re thinking of buying or selling soon, consider jumping into the market early in 2014!
The number of closed sales increased 57.69% from last year, and the days on the market is down 31.82%, which indicates that homes are selling more quickly than in the past. Average prices are down 6.07%, which indicates more competition from the increase in homes on the market. The largest sector of purchasers paid cash for their homes, but all other financing options are represented as well.
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