Blue Ridge Association of REALTORS® (BRAR)
Market Statistics May 2021
The overall number of new listings in May for the Blue Ridge Association of REALTORS® service area was down 1.7%, from April, which was a 12.6% increase from the number of new listings taken in May 2020. The number of Pending Sales increased 2.9% from April, which was a 4.6% decrease as compared to May 2020. Closed sales were up 18.2% from April, an 8.5% increase from May 2020. The median sales price was $343,500 which is 10.1% higher than in May of last year. The average length of time on the market was 12 days and the average sale price to the original list price was 102%.
Winchester City saw the number of new listings decrease by 11.4% from April, which was still 2.6% more listings taken than in May of last year. The number of new pending contracts was down 24.4% from April, which was a 26.1% decrease when compared to May of last year. Closed sales increased 12.5% from April, which was a 28.6% increase as compared to May of last year. The median sold price was $259,000 and the average length of time on the market was 9 days. The average list to sold price was 99.8%.
In Frederick County, the number of new listings were down 2.7% from April, which was 13.5% more listings taken as compared to May of last year. New pending contracts also increased by 8% from April, a 4.2% decline as compared to May of last year. Closed transactions increased 15% in April, which was a 17.2% increase as compared to May of last year. The median sold price in Frederick County was $367,945 which is a 17.2% improvement compared to May last year. The average number of days on market 11 and the average sold to list to sale price ratio was 102.3%.
The number of new listings in Clarke County increased 8.1% from April, a 17.6% increase from May 2020. Pending sales also increased 33.3% from April, and a 33.33% increase over May of last year. The number of closed transactions increased 47.1% in May as compared to April, which was a 0% change over May of last year. The median sale price was $379,900 and the average length of time on the market was 7 days. The average sale to list price ratio was 102.2%.
The number of new listings in Loudoun County decreased 2.2% from April, a 30.3% increase over May 2020. Pending sales were up 10.4% from April, a 33.3% increase over May 2020. Closed sales decreased 2.2% from April, a 55.1% improvement from the number of closed transactions in May 2020. The median sale price was $630,000. The average length of time on the market was 7 days, with an average sale to list price of 104.2%.
Fairfax County saw a 6.1% decrease in the number of new listings from April, which was a 54.6% increase in the number of listings taken over May of last year. The number of pending sales were up 6.3% from April, a 48.6% increase over May 2020. Closed transactions were up 11.1% from April, which is still 62.1% more closed transactions than in May of 2020. The median sale price was $652,000 and the average length of time on the market was 11 days, with an average sale to list ratio of 103.5%.
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.