$3.5M  
The Rappahannock County market warmed up in this week's report, as the number of home sales rose 22.2%, pushing the total to 11 homes sold over the last 30 days. At the same time, Loudoun County reported 508 home sales, the highest number from all the surrounding counties. The median sales price rose to $440,000 over the latest reporting period for Rappahannock County, up from $424,000. Rappahannock 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.
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Rappahannock County is a small county in Virginia with 7,373 residents. Its population is also growing slower than others at a 10-year growth rate of 5.6%. Rappahannock County, 22740, and 22627 are its three most populated counties. Detached homes account for 100% of the area's current housing market. The best school in the county is Rappahannock Co. High School.
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$3.3M  
Over the last 30 days, the Rappahannock County market had a lift in home sales with eight. But as sales edged up, the number of pending transactions continued to decline, with a total of 10 contracts during the same period. Potential buyers should note that prices went up in Rappahannock County, with the median for this period rising from $389,900 to $410,000. Rappahannock County is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 10 months of remaining inventory.
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$895K  
The Rappahannock County market broke below its 12-month average sales volume this week as sales slid 14.3% to hit six homes sold over the last 30 days. Within the same time period, Loudoun County had 435 sales, the most of all counties in the area. Prices are falling in Rappahannock County, and this period the median price of all sales fell from $389,900 to $384,950. Along with the slip in sales, a relatively high 14 months of inventory indicates that Rappahannock County is a definite buyer's market.
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$1.3M  
Sales fell to seven homes sold over the last 30 days in the Rappahannock County market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to 13 for the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. A months of inventory number of 11 reported this week continued a four-week downward trend, likely due to the weak number of new listings in the area. Rappahannock County is a solid buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
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$4M  
Over the last 30 days, the sale of eight homes took place in the Rappahannock County market. This shows a 27.3% decline from the prior period but the area remains on a confirmed upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. As sales trended higher, prices have been increasing. The median sales price hit $384,950, extending a four-week long spike. Rappahannock County is a solid buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.
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$1.3M  
The Rappahannock County market saw 11 more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since September at 14. During the same time frame, Loudoun County had the most price reductions of any other neighboring county with 398. The median sales price remained unchanged over the latest reporting period for Rappahannock County, coming in at $360,000. Rappahannock County is a definite buyer's market, with seven months of remaining inventory and aided by the rise in price reductions.
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$329K  
The population of Rappahannock County is affluent compared to others in Virginia with a median income of $59,023 per household. It's also considered a very expensive county in terms of affordability with a cost of living adjustment score of 125.0. The three counties with the largest populations are Rappahannock County, 22740, and 22627. Rappahannock County is made up of homes that are considered relatively old with a median of 37 years. Topping the list of best schools in the county is Rappahannock Co. High School.
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$799K  
The number of homes coming into the Rappahannock County market rose to seven listings over the last 30 days, while sales remained right where they were as once again 10 homes were sold over the same period. Prices are falling in Rappahannock County, and this period the median price of all sales fell from $364,000 to $360,000. With no movement in sales and the availability of eight months of inventory, Rappahannock County is a definite buyer's market.
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$849K  
The number of homes coming into the Rappahannock County market fell to six listings over the last 30 days, while sales remained right where they were as once again nine homes were sold over the same period. Prices are rising in Rappahannock County, and the median sales price this period increased from $360,000 to $368,000. Rappahannock County is a strong buyer's market, due to a big nine months of inventory left and aided by the flat sales.
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