Low Housing Inventory Saga Continues…Boosting Sale Prices and Lowering Days on Market

RESIDENTIAL SALES: MONTH -TO- MONTH

RESIDENTIAL INVENTORY: MONTH -TO- MONTH…that red line looks so lonely.

ABSORPTION RATES: MONTH -TO- MONTH…

AVERAGE SALES PRICE: MONTH -TO- MONTH…

HOW DID WE COMPARE WITH THE REST OF VIRGINIA?…

All regions of the Commonwealth noted promising news across the board. Below, are some topline stats when compared to the state’s 1Q 2016…

• Residential Sales were up 7.8%
• Total Market Volume was up 12.2%
• Median Sales Price rose from $249,000 -to- $260,000

Click on the link for VAR’s full First Quarter report… 1Q 2017 VIRGINIA HOME SALES REPORT

* This report was prepared by and for the use of Katherine McNicholas, Westhills Ltd. REALTORS. It is not to be copied in whole or in part without explicit permission of author.*

* All data based on information from the Greater Augusta Association of REALTORS®, Inc. or Multiple Listing Service for the period 01.1.17 through 03.31.17. All information is believed to be accurate, but cannot be guaranteed.*