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| MAY 2025 | |||
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| Units Sold 71 |
Active Inventory 86 |
Median Sale Price $343,000 |
Days On Market 37 |
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| Up 29% Vs. Year Ago |
Up 23% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 95% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 71 sold this month in City of Waynesboro Real Estate versus 59 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 29% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 16 units or 23%. The total number of active inventory this May was 86 compared to 70 in May 2024. This month's total of 86 is higher than the previous month's total supply of available inventory of 75, an increase of 15%. |
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Median Sale Price
Last May, the median sale price for City of Waynesboro Homes was $298,160. This May, the median sale price was $343,000, an increase of 15% or $44,840 compared to last year. The current median sold price is 4% higher than in April. 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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| New Listings 80 |
Current Contracts 51 |
Sold Vs. List Price 97.9% |
Months of Supply 1.2 |
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| Up 21% Vs. Year Ago |
Down -12% Vs. Year Ago |
Down -2.9% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In May, there was 1.2 months of supply available in City of Waynesboro. 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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New Listings & Current Contracts
This month there were 80 homes newly listed for sale in City of Waynesboro compared to 66 in May 2024, an increase of 21%. There were 51 current contracts pending sale this May compared to 58 a year ago. The number of current contracts is 12% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in City of Waynesboro was 97.9% of the average list price, which is 2.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 37, higher than the average last year, which was 19, an increase of 95%. | |||
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| *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 CGAHR 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 CGAHR or Long & Foster Real Estate, Inc. |
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