ROANOKE COUNTY AND SALEM CITY HOUSING MARKET DATA

There was an increase in total units sold in May, with 261 sold this month in Roanoke County and Salem City Real Estate versus 234 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024.

Versus last year, the total number of homes available this month is higher by 125 units or 34%. The total number of active inventory this May was 496 compared to 371 in May 2024. This month's total of 496 is higher than the previous month's total supply of available inventory of 463, an increase of 7%.

Last May, the median sale price for Roanoke County and Salem City Homes was $290,000. This May, the median sale price was $300,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 3% 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.

In May, there was 1.9 months of supply available in Roanoke County and Salem City, compared to 1.3 in May 2024. That is an increase of 46% 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.

This month there were 380 homes newly listed for sale in Roanoke County and Salem City compared to 366 in May 2024, an increase of 4%. There were 297 current contracts pending sale this May compared to 278 a year ago. The number of current contracts is 7% higher than last May.

In May, the average sale price in Roanoke County and Salem City was 99.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 26, lower than the average last year, which was 29, a decrease of 10%.





FOCUS ON: ROANOKE COUNTY AND SALEM CITY HOUSING MARKET			MAY 2025

Units Sold 261	Active Inventory 496	Median Sale Price $300,000	Days On Market 26

Down -9% Vs. Year Ago	Up 34% Vs. Year Ago	Up 3% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 261 sold this month in Roanoke County and Salem City Real Estate versus 234 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 125 units or 34%. The total number of active inventory this May was 496 compared to 371 in May 2024. This month's total of 496 is higher than the previous month's total supply of available inventory of 463, an increase of 7%.
		Median Sale Price Last May, the median sale price for Roanoke County and Salem City Homes was $290,000. This May, the median sale price was $300,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 3% 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.



New Listings 380	Current Contracts 297	Sold Vs. List Price 99.3%	Months of Supply 1.9

Up 4% Vs. Year Ago	Up 7% Vs. Year Ago	No Change Vs. Year Ago	Up 46% Vs. Year Ago


		Months of Supply In May, there was 1.9 months of supply available in Roanoke County and Salem City, compared to 1.3 in May 2024. That is an increase of 46% 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 380 homes newly listed for sale in Roanoke County and Salem City compared to 366 in May 2024, an increase of 4%. There were 297 current contracts pending sale this May compared to 278 a year ago. The number of current contracts is 7% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Roanoke County and Salem City was 99.3% 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 26, lower than the average last year, which was 29, a decrease of 10%.



	*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 Information included in this report is based on data supplied by the Roanoke Valley Association of REALTORS (RVAR) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace as some brokerages choose not to provide transaction information. This may result in an understatement of completed sales and available listings. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of RVAR or Long & Foster Real Estate, Inc. or Long & Foster Real Estate, Inc.