New Downward Trend in Contracts for Rappahannock County Real Estate Market

Sales fell to five homes sold in the Rappahannock County market over the last 30 days. Furthermore, a solid downturn in the number of pending transactions continued, with five completed in the same period. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. Potential buyers should note that prices are coming down in Rappahannock County, and for this period the median sales price slid from $271,750 to $253,500. A downturn in contracts, coupled with the availability of 22 months of inventory, prove that Rappahannock County is a strong buyer's market.

If a home with lots of bedrooms is what you want, then be sure to go see these listings in Rappahannock County:

$3.6M   $1.6M   $1.5M  

Get started right now by checking out Rappahannock County homes for sale or reviewing Rappahannock County real estate trends.

Demographic facts for Rappahannock County:

  • The median age of the population is 47 years old.
  • The area's health cost index score is 98.8. (100 = national average)
  • People in this area have a commute time breakdown of: <15 min (23.6%), 15-29 min (22.5%), 30-44 min (19.8%), 45-59 min (9.1%), >60 min (25.0%).

Data reported through 10/13/2016


Ask a local expert about this area:
Fathom Realty
13 reviews
RE/MAX Real Estate Connections
Snapped 1 home in this area

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