Woodlake and Brandermill Housing Market Data

There was an increase in total units sold in March, with 91 sold this month in Woodlake and Brandermill Real Estate. This month's total units sold was lower than at this time last year.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 55 units or 22%. The total number of active inventory this March was 194 compared to 249 in March 2017. This month's total of 194 is lower than the previous month's total supply of available inventory of 216, a decrease of 10%.

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Last March, the median sale price for Woodlake and Brandermill Homes was $276,000. This March, the median sale price was $275,000, which is similar compared to a year ago. The current median sold price is 4% lower than in February.

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

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In March, there was 2.1 months of supply available in Woodlake and Brandermill. The amount of supply is similar compared to 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.

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This month there were 169 homes newly listed for sale in Woodlake and Brandermill compared to 193 in March 2017, a decrease of 12%. There were 152 current contracts pending sale this March compared to 142 a year ago. The number of current contracts is 7% higher than last March.

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Click here to compare the current contracts of this area against other locations.

In March, the average sale price in Woodlake and Brandermill was 100.6% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 42, lower than the average last year, which was 43, a decrease of 2%.

Click here to compare the days on market of this area against other locations.





Focus On: Woodlake and Brandermill Housing Market			March 2018

Zip Code(s): 23112
Units Sold 91	Active Inventory 194	Median Sale Price $275,000	Days On Market 42

Down -23% Vs. Year Ago	Down -22% Vs. Year Ago	No Change Vs. Year Ago	Down -2% Vs. Year Ago


iCharts		Units Sold There was an increase in total units sold in March, with 91 sold this month in Woodlake and Brandermill Real Estate. This month's total units sold was lower than at this time last year. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 55 units or 22%. The total number of active inventory this March was 194 compared to 249 in March 2017. This month's total of 194 is lower than the previous month's total supply of available inventory of 216, a decrease of 10%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last March, the median sale price for Woodlake and Brandermill Homes was $276,000. This March, the median sale price was $275,000, which is similar compared to a year ago. The current median sold price is 4% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. Click here to compare the median sale price of this area against other locations.



New Listings 169	Current Contracts 152	Sold Vs. List Price 100.6%	Months of Supply 2.1

Down -12% Vs. Year Ago	Up 7% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


iCharts		Months of Supply In March, there was 2.1 months of supply available in Woodlake and Brandermill. The amount of supply is similar compared to 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 169 homes newly listed for sale in Woodlake and Brandermill compared to 193 in March 2017, a decrease of 12%. There were 152 current contracts pending sale this March compared to 142 a year ago. The number of current contracts is 7% higher than last March. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In March, the average sale price in Woodlake and Brandermill was 100.6% of the average list price, which is similar compared to a year ago. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 42, lower than the average last year, which was 43, a decrease of 2%. Click here to compare the days on market of this area against other locations.		iCharts


	Woodlake and Brandermill are defined as properties listed in zip code/s 23112.
	*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.
	Information included in this report is based on data supplied by CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.