Blue Ridge Association of REALTORS® (BRAR)
During the month of May, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 4.2% higher than in April, which was a 35.2% decrease from the number of new listings taken in May 2022. The number of pending sales increased 11.1% from April which was a 9.1% decrease from May 2022. Closed sales were up 18.4% since April, with a 28.2% decrease from May 2022. The median sold price was $395,000 which, in comparison to March was 5.3% higher and 8.2% more than last May. The average length of time on the market was 30 days and the average sale price to the original list price was 99.1%.
Winchester City
Winchester City saw the number of new listings decrease by 35.1% from April, which was 31.4% less listings taken than in May of last year. The number of new pending contracts increased by 10% since April, and was up 32% compared to May of last year. Closed sales were up 122.2% from April, which was 14.3% more compared to May of last year. The median sold price was $369,900 and the average length of time on the market was 21 days. The average list to sold price was 97.6%.
Frederick County
In Frederick County, the number of new listings increased 12.2% from April, which was 34% less listings taken as compared to May of last year. New pending contracts increased by 15.7% since April, and showed a 9.5% decrease as compared to May of last year. Closed transactions increased by 7% since April, which is a 31.8% decrease as compared to May of last year. The median sold price in Frederick County was $399,950 which is a 4.8% increase compared to April and a 5.3% increase compared to May of last year. The average number of days on market was 34 and the average sold to list to sale price ratio was 99.2%.
Clarke County
The number of new listings in Clarke County increased 21.1% from April and decreased by 39.5% from May 2022. Pending sales decreased 17.4% since April and decreased 40.6% compared to May 2022. The number of closed transactions increased 5.3% from March and was 39.4% less compared to May of last year. The median sale price was $477,500 and the average length of time on the market was 32 days. The average sale to list price ratio was 97.5%.
Loudoun County
The number of new listings in Loudoun County increased by 3.1% from April and dropped 44.5% since May 2022. Pending sales were up 4.4% from April and dropped 27.4% since May 2022. Closed sales increased 17.8% from April and decreased 28.8% from May of last year. The median sale price was $715,000. The average length of time on the market was 12 days, with an average sale to list price of 101.5%.
Fairfax County
Fairfax County saw a 13.9% increase in the number of new listings from April, which was a 41.3% decrease in the number of listings taken over May of last year. The number of pending sales were up 4.2% from April and decreased 24.8% since May 2022. Closed transactions were up 28.3% from April and decreased by 27.3% since May of last year. The median sale price was $710,000 and the average length of time on the market was 12 days, with an average sale to list ratio of 102.4%.
COLONY REALTY OF WINCHESTER – 114 N Cameron St., Winchester, VA 22601
(540) 662-0323; Broker: John S. Scully, IV; Licensed in Virginia and West Virginia.
*All of the information herein is deemed to be reliable but is subject to errors, omissions and withdrawal from the market. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.