New Weakening in Contracts for Rappahannock County Real Estate Market

The Rappahannock County market saw six homes go under contract and failed to break out of a budding downward trend. Along with that, total home sales dropped to six over the last 30 days. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are falling in Rappahannock County, and this period the median price of all sales fell from $275,000 to $210,437. With a downward trend in contracts numbers and 13 months of inventory still left to work through, Rappahannock County is a solid buyer's market.

Make sure you take a look at these eye-catching homes in Rappahannock County that generated the most views from potential buyers:

$395K   $749K   $1.2M  

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 percentage of people who own their homes is 60.3%.
  • The annual job growth rate is 2.88%.
  • There are 11.9 students for every teacher. (15.3 = national average)

Data reported through 1/11/2017

Comments:

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

©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.