Recent month-over-month shifts help explain where caution and confidence belong.
If you are deciding whether the market still gives you leverage, the answer depends on which number you are following. In Amherst County, VA, supply rose 9.3% from the prior month, while the typical sold price fell 14.35% and the typical list price slipped 3.89%, so I would avoid reading any one figure in isolation.
Recent month-over-month movement in Amherst County, VA showed 2 months of supply, up 9.3% from the prior month. The typical sold price was $282,550, down 14.35%, while the typical asking price was $307,450, down 3.89%. Newly pending homes were priced at $319,900, up 1.6%, and current pending homes were at $299,900, up 3.8%. For a buyer, that mix tells me there may be openings, but not a blanket discount story. For a seller, it says the market is still active enough to support a move, but pricing discipline matters because not every number is moving in the same direction. Amherst County, VA is giving a mixed monthly signal, so broad assumptions would be a mistake. Match your strategy to the specific metric that affects your move. If you are selling, price against current competition and not old expectations. If you are buying, test each opportunity against recent closings before reacting to the asking price.
About Scott Fogleman
Scott Fogleman is a licensed Real Estate Professional affiliated with New Home Team, specializing in the Amherst County market. With a focus on strategic marketing and deep local knowledge, Scott Fogleman provides clients with expert guidance in navigating complex real estate transactions. View full profile →
