Blue Ridge Association of REALTORS® (BRAR)
During the month of June, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 5% less than in May, which was a 4.8% increase from the number of new listings taken in June 2023. The number of pending sales decreased 10.9% from May which was a 4.1% increase from June 2023. Closed sales were up 2.4% since May, with a 9.8% increase from June 2023. The median sold price was $417,360 which, in comparison to May was 2.1% lower and 4.3% more than last June. The average length of time on the market was 31 days and the average sale price to the original list price was 99.3.%.
Winchester City
Winchester City saw the number of new listings decrease by 28.6% from May, which was 34.2% less listings taken than in June of last year. The number of new pending contracts increased by 15.2% since May, and increased 18.8% compared to June of last year. Closed sales were up 13.3% from May and was 9.7% more compared to June of last year. The median sold price was $400,500 and the average length of time on the market was 52 days. The average list to sold price was 97.1%.
Frederick County
In Frederick County, the number of new listings were stable compared to May, which was 6.5% less listings taken as compared to June of last year. New pending contracts decreased by 15.8% since May, and showed a 10.1% decrease as compared to June of last year. Closed transactions increased by 5% since May, which is a 16.5% increase compared to June of last year. The median sold price in Frederick County was $423,000. The average number of days on market was 29 and the average sold to list to sale price ratio was 99.3%.
Clarke County
The number of new listings in Clarke County decreased 35% from May and was 27.8% less compared to June 2023. New pending sales decreased 26.1% since May and decreased 15% compared to June 2023. The number of closed transactions was stable compared to May and was down 4.3% compared to June of last year. The median sale price was $590,500 and the average length of time on the market was 24 days. The average sale to list price ratio was 99.1%.
Loudoun County
The number of new listings in Loudoun County decreased by 10.1% from May and decreased 3.3% since June 2023. Pending sales were down 3.1% from May and was up 9.7% since June 2023. Closed sales increased 7% from May and decreased 3% from June of last year. The median sale price was $755,000. The average length of time on the market was 13 days, with an average sale to list price of 100.8%.
Fairfax County
Fairfax County saw a 16.6% decrease in the number of new listings from compared to May, which was a 7.3% decrease in the number of listings taken over June of last year. The number of pending sales were down 1.6% from May and increased 12.1% since June 2023. Closed transactions were down 10.8% from May and decreased by 9.1% since June of last year. The median sale price was $780,000 and the average length of time on the market was 13 days, with an average sale to list ratio of 101.7%.
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.