The Long & Foster Market Minute

Focus On: Winchester City Housing Market January 2021

Units Sold
22
Active Inventory
12
Median Sale Price
$288,000
Days On Market
37
Up 16%
Vs. Year Ago
Down -83%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -47%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 22 sold this month in Winchester City Real Estate versus 32 last month, a decrease of 31%. This month's total units sold was higher than at this time last year, an increase of 16% versus January 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 59 units or 83%. The total number of active inventory this January was 12 compared to 71 in January 2020. This month's total of 12 is lower than the previous month's total supply of available inventory of 17, a decrease of 29%.

Median Sale Price
Last January, the median sale price for Winchester City Homes was $255,000. This January, the median sale price was $288,000, an increase of 13% or $33,000 compared to last year. The current median sold price is 22% higher than in December.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
21
Current Contracts
25
Sold Vs. List Price
99.4%
Months of Supply
0.5
Down -30%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 2.4%
Vs. Year Ago
Down -85%
Vs. Year Ago

Months of Supply
In January, there was 0.5 months of supply available in Winchester City, compared to 3.7 in January 2020. That is a decrease of 85% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 21 homes newly listed for sale in Winchester City compared to 30 in January 2020, a decrease of 30%. There were 25 current contracts pending sale this January compared to 26 a year ago. The number of current contracts is 4% lower than last January.

Sale Price to List Price Ratio
In January, the average sale price in Winchester City was 99.4% of the average list price, which is 2.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 37, lower than the average last year, which was 70, a decrease of 47%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.