Leon in Madison County [ 22725 ] Real Estate Market Report

Welcome to our page of charts that are designed to put YOU in control of the information that is pertinent to you. Each chart below is interactive and that means you can click on the titles at the bottom of the search criteria (for instance, “2012-2013″) to add or delete that data on each chart. We’ll give you suggestions on each one.

The first chart shows you the number of active listings on the market for all home types (detached, townhomes etc) comparing the past 5 years. Although the lines may look confusing, we’ve included all 5 years so that you can choose the information you want. Just click on the month/year at the bottom of each chart to compare or delete the years that interest you. You can easily see the volume of our inventory of for-sale homes, plus you may also notice that this chart shows the seasonality of the county market.

In the next chart, same thing… just click a year on the bottom of the chart if you want to select a simpler version for comparisons. You’ll notice how this pattern tends to mirror the one on the chart above. When inventory of for-sale homes has been reduced and there are more sales, the market tends to favor sellers.


So, what about the price of homes during these past few years? Below shows the median sales price. “Median” means that half of the number of sales were above this price, and half were below this price. This also reflects how stable our local market is over time.


Do you wonder about what sellers are actually receiving for their properties in Leon? Below is a sample of years comparing the Sale Price to the Original List Price. We think this information is valuable for both buyers and sellers of Central VA properties.


Information about how many days a property has been on the market (DOM) is pertinent for both sellers and buyers. Sellers can use the information to set their expectations, and buyers might be able to discern a seller’s motivation for possible negotiation. As always, just click a date at the bottom of the chart to customize your view.

 

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