The Long & Foster Market Minute

Focus On: City of Waynesboro Housing Market December 2019

Units Sold
51
Active Inventory
85
Median Sale Price
$191,000
Days On Market
54
Up
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 8%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 51 sold this month in City of Waynesboro Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 14 units or 14%. The total number of active inventory this December was 85 compared to 99 in December 2018. This month's total of 85 is lower than the previous month's total supply of available inventory of 103, a decrease of 17%.

Median Sale Price
Last December, the median sale price for City of Waynesboro Homes was $229,450. This December, the median sale price was $191,000, a decrease of 17% or $38,450 compared to last year. The current median sold price is 1% higher 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
22
Current Contracts
32
Sold Vs. List Price
98.3%
Months of Supply
1.7
Down -24%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 3.4%
Vs. Year Ago
Down -63%
Vs. Year Ago

Months of Supply
In December, there was 1.7 months of supply available in City of Waynesboro, compared to 4.5 in December 2018. That is a decrease of 63% 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 22 homes newly listed for sale in City of Waynesboro compared to 29 in December 2018, a decrease of 24%. There were 32 current contracts pending sale this December compared to 29 a year ago. The number of current contracts is 10% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in City of Waynesboro was 98.3% of the average list price, which is 3.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 54, higher than the average last year, which was 50, an increase of 8%.

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 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.