The Long & Foster Market Minute

Focus On: City of Waynesboro Housing Market August 2019

Units Sold
39
Active Inventory
102
Median Sale Price
$185,000
Days On Market
60
Down
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 18%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in August, with 39 sold this month in City of Waynesboro Real Estate. This month's total units sold was lower than at this time last year, a decrease from August 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 16 units or 14%. The total number of active inventory this August was 102 compared to 118 in August 2018. This month's total of 102 is higher than the previous month's total supply of available inventory of 101, an increase of 1%.

Median Sale Price
Last August, the median sale price for City of Waynesboro Homes was $206,000. This August, the median sale price was $185,000, a decrease of 10% or $21,000 compared to last year. The current median sold price is 13% lower than in July.

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


New Listings
74
Current Contracts
64
Sold Vs. List Price
97.9%
Months of Supply
2.6
Up 42%
Vs. Year Ago
Up 88%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Down -4%
Vs. Year Ago

Months of Supply
In August, there was 2.6 months of supply available in City of Waynesboro, compared to 2.7 in August 2018. That is a decrease of 5% 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 74 homes newly listed for sale in City of Waynesboro compared to 52 in August 2018, an increase of 42%. There were 64 current contracts pending sale this August compared to 34 a year ago. The number of current contracts is 88% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in City of Waynesboro was 97.9% of the average list price, which is 0.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 60, higher than the average last year, which was 51, an increase of 18%.

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.