I am watching supply because it shapes every decision.
Supply is the first thing I would check in Amherst, VA this month. Last month, supply stood at 2.63 months, and that is enough to tell me the market still asks for steady, timely decisions.
Last month, supply stood at 2.63 months. I read that as a market where options exist, but not enough to let anyone drift. In Amherst, VA, that means the homes worth pursuing still deserve serious attention when they show up.
The typical sale price was $301,450 last month, while the typical asking price was $389,900. I would use those two figures together to keep my expectations realistic and to avoid getting distracted by the loudest number on the page.
My first move would be to stay disciplined on value. My second move would be to decide quickly when a property fits, because limited supply makes hesitation more expensive than most people expect.
