Months Supply of Inventory Continues to Drop on the Virginia Peninsula
Home Sale Statistics & Trends /On December 30, 2015

Months Supply of Inventory Continues to Drop on the Virginia Peninsula

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Months Supply of Inventory Continues to Drop on the Virginia Peninsula

The months supply of inventory continues to drop on the Peninsula.  This, along with steady sales LMA_info-nn-11-15-1.jpgnumbers, indicates a strong early winter market.  What is currently going on in the real estate market?

  • Months Supply of Inventory - 6.8
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - up slightly to $174,900
     
  • % of Sold Price to List Price - 97.8%
     
  • Average Days on Market - 93.9
     
  • Closed Sales - up 8%

If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

How Much is My Home Worth?

 



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Lynnette Tully
Lynnette Tully

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