What I've put together is a set of statistics that covers from the 1st of the year until the 11th of March (today) for the years 2019, 2020, 2021 and 2022. This tells the story of pre-Covid (2029), beginning Covid (2020), very very crazy active real estate market Covid (2021) and we've burned through a lot of inventory, where do we stand Covid (2022). And it's all here in black and white. Thought it would be helpful to see.

This is for the four counties of the Northern Neck and as already said, for four years for just 2 months and a bit. Also, for the waterfront stats I've added how many properties are active and what their attributes are. That shows that we don't have much inventory and what we do have is definitely higher end. Those looking to buy "reasonable" waterfront, say in the under $500,000 category, aren't going to get many options and if priced right they will quickly disappear.

Looking at this you can see that we sold a lot more in 2021 and that the price was higher.....that was until we got to 2022 when median sales price took another jump. Look at how many median days on market we've seen this year. Yes, things are selling fast!

Look at that median sales price just march on up higher and higher, year by year. And now the median sales price for active waterfront listings is at $849,000. Wow! And relatively speaking, if there have been 41 properties sold in less than three months this year, with 52 actives we don't have much more than three months inventory. Perhaps there will be plenty of new inventory coming on since many wait until April or so to get into the market. Then again we don't really know if anything about this market is normal, do we?