Blue Ridge Association of REALTORS® (BRAR)
Market Statistics November 2019
Overall, the number of new listings in November for the Blue Ridge Association of REALTORS® service area increased by 2.7% from 2018, with closed sales showing a significant increase of 10.9% from 2018, while the number of listings under contract was up by just 1.4%. The median sales price stayed constant at $260,000, the same as last year. The average length of time on the market was 53 days and the average sale price to the original list price was 95.9%.
In Frederick County, the number of new listings was up 3.2% over last year, with a 4.1% increase in the number of pending contracts and a whopping 14.7% increase in closed transactions for 2019 versus the same time last year. The median sold price in Frederick County was $284,950, which was a 20.7% increase over the same period last year. Average days on market was 50 and the average sold to list price ratio was 96.5%.
Winchester City saw a decrease in the number of new listings, by 0.2% over 2018, and a 3% drop in the number of pending contracts. Closed sales, however, rose 5.1% from 2018 with a median sold price of $239,450. The average length of time on the market was 67 days, with an average sold to original list price at 94%.
The number of new listings was down 3.3% in Loudoun County from 2018, with a decrease of 3.8% in pending sales. The number of closed transaction was up however, with an increase of 1% from 2018. Median sale price rose to $485,750, a 4.2% increase over last year. Average length of time on the market was 26 days, with an average sale to list ratio of 98.7%.