The latest report from CAAR shows another year of a strong real estate market and demonstrates the need to have a diversity of housing options to serve Nelson County residents. The second quarter median sales price in Nelson County was $285,000, a 10% increase from last year, which is a $25,000 price gain. Home prices have been trending up in the county consistently since the beginning of last year. A sign of high demand and low inventory in the area, the average days on the market for homes in the $200,000-$500,000 range is less than 20 days.
Thanks to CAAR for this comprehensive report that can be downloaded here.
