$799K  
Fewer sellers put their homes up for sale in the Madison County market over the last 30 days and the number of new listings fell this week to 22. Home sales remained unchanged from the prior period and once again 21 homes were sold. Prices are falling in Madison County, and this period the median price of all sales fell from $192,500 to $125,000. Madison County is a strong buyer's market, thanks to a big 13 months of inventory to choose from and the flat sales.
Comments:

$5.4M  
The Madison County market has established a recent upward trend, even as sales fell 22.2% this week to 21 homes over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price dropped to $192,500, down from last week's $199,900. Madison County is a strong buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.
Comments:

Madison County is a smaller-than-average county in Virginia that has seen a 6.3% increase in population over the last 10 years. It also has a total population of 13,308. The three zip codes with the largest populations are 22701, 22960, and 22973. Homes in Madison County are relatively old with a median age of 33 years. The best school in the county is Madison County High School.
Comments:

$799K  
The Madison County market looked strong in this week's report, as the number of home sales jumped 25.0%, pushing the total to 25 homes sold over the last 30 days. In comparison, nearby Rockingham County had 99 sales in the same time frame, the most of all neighboring counties. Potential buyers should note that prices are coming down in Madison County, and for this period the median sales price slid from $212,500 to $199,900. Despite the uptick in sales, there are still 11 months of inventory left to work through, meaning Madison County is still a strong buyer's market.
Comments:

$799K  
The Madison County market took a break this week as sales fell to 17 homes sold over the last 30 days. However, the number of homes under contract shows a new upward trend, and is now at 30. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are falling in Madison County, and this period the median price of all sales fell from $279,000 to $225,000. With decreasing sales and the availability of 16 months of inventory, Madison County is a definite buyer's market.
Comments:

$4.2M  
The Madison County market was steady this week as sales remained at nine homes over the prior 30 days, but the area is experiencing a recent upward trend of contracts closing, now up to 20. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Potential buyers should note that prices went up in Madison County, with the median for this period rising from $225,000 to $275,000. Madison County is a strong buyer's market, thanks to a big 14 months of inventory to choose from and the flat sales.
Comments:

$295K  
Sales have risen to nine homes sold over the last 30 days in the Madison County market. But sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to 31 for the same period. The median sales price jumped to $225,000, up from last week's $150,500. Even after the uptick in sales, an elevated 15 months of inventory tells us that Madison County is still a definite buyer's market.
Comments:

$799K  
Home sales in the Madison County market remained soft in this week's report as they slid 37.5% to five homes sold over the last 30 days. Within the same time period, Culpeper County had 76 sales, the most of all counties in the area. Potential buyers should note that prices are coming down in Madison County, and for this period the median sales price slid from $229,000 to $150,500. With decreasing sales and the availability of 24 months of inventory, Madison County is a strong buyer's market.
Comments:

$799K  
The number of home sales in the Madison County market shot up 33.3% to 12 homes over the last 30 days, exceeding the 10.9 monthly average for the last 12 months. To put it in perspective, close-by Warren County registered 53 home sales in the same period, the most of all surrounding counties. The median sales price dropped to $147,750 over the latest reporting period for Madison County, down from $179,000. Madison County is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of eight months of remaining inventory.
Comments:

$799K  
With home sales in the Madison County market already below average, in this week's report they fell 10.0% to nine homes sold over the last 30 days. Meanwhile, Warren County reported 52 home sales, the highest number from all the surrounding counties. The median sales price dropped to $179,000 over the latest reporting period for Madison County, down from $193,250. Madison County is a strong buyer's market, due to a big nine months of inventory left and aided by the dip in sales.
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Roy Wheeler Realty Co.
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RE/MAX New Horizons
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