The Long & Foster Market Minute

Focus On: Winchester City Housing Market December 2019

Units Sold
29
Active Inventory
68
Median Sale Price
$238,500
Days On Market
45
Up 32%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up
Vs. Year Ago
Up 7%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 29 sold this month in Winchester City Real Estate versus 36 last month, a decrease of 19%. This month's total units sold was higher than at this time last year, an increase of 32% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 8%. The total number of active inventory this December was 68 compared to 74 in December 2018. This month's total of 68 is lower than the previous month's total supply of available inventory of 84, a decrease of 19%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last December, the median sale price for Winchester City Homes was $184,450. This December, the median sale price was $238,500, an increase of $54,050 compared to last year. The current median sold price is lower than in November.

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


New Listings
20
Current Contracts
15
Sold Vs. List Price
97.1%
Months of Supply
2.3
Up 25%
Vs. Year Ago
Down -38%
Vs. Year Ago
No Change
Vs. Year Ago
Down -30%
Vs. Year Ago

Months of Supply
In December, there was 2.3 months of supply available in Winchester City, compared to 3.4 in December 2018. That is a decrease of 30% 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 20 homes newly listed for sale in Winchester City compared to 16 in December 2018, an increase of 25%. There were 15 current contracts pending sale this December compared to 24 a year ago. The number of current contracts is 38% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Winchester City was 97.1% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 45, higher than the average last year, which was 42, an increase of 7%.

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.