ROANOKE VALLEY HOUSING MARKET DATA

There was an increase in total units sold in May, with 373 sold this month in Roanoke Valley Real Estate versus 320 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 1% versus May 2024.

Versus last year, the total number of homes available this month is higher by 214 units or 37%. The total number of active inventory this May was 788 compared to 574 in May 2024. This month's total of 788 is higher than the previous month's total supply of available inventory of 724, an increase of 9%.

Last May, the median sale price for Roanoke Valley Homes was $315,500. This May, the median sale price was $328,000, an increase of 4% or $12,500 compared to last year. The current median sold price is 11% 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 2.1 months of supply available in Roanoke Valley, compared to 1.5 in May 2024. That is an increase of 39% 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 554 homes newly listed for sale in Roanoke Valley compared to 495 in May 2024, an increase of 12%. There were 411 current contracts pending sale this May compared to 360 a year ago. The number of current contracts is 14% higher than last May.

In May, the average sale price in Roanoke Valley was 98.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 31, which is similar compared to a year ago.





FOCUS ON: ROANOKE VALLEY HOUSING MARKET			MAY 2025

Units Sold 373	Active Inventory 788	Median Sale Price $328,000	Days On Market 31

Down -1% Vs. Year Ago	Up 37% Vs. Year Ago	Up 4% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 373 sold this month in Roanoke Valley Real Estate versus 320 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 1% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 214 units or 37%. The total number of active inventory this May was 788 compared to 574 in May 2024. This month's total of 788 is higher than the previous month's total supply of available inventory of 724, an increase of 9%.
		Median Sale Price Last May, the median sale price for Roanoke Valley Homes was $315,500. This May, the median sale price was $328,000, an increase of 4% or $12,500 compared to last year. The current median sold price is 11% 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 554	Current Contracts 411	Sold Vs. List Price 98.9%	Months of Supply 2.1

Up 12% Vs. Year Ago	Up 14% Vs. Year Ago	No Change Vs. Year Ago	Up 39% Vs. Year Ago


		Months of Supply In May, there was 2.1 months of supply available in Roanoke Valley, compared to 1.5 in May 2024. That is an increase of 39% 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 554 homes newly listed for sale in Roanoke Valley compared to 495 in May 2024, an increase of 12%. There were 411 current contracts pending sale this May compared to 360 a year ago. The number of current contracts is 14% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Roanoke Valley was 98.9% 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 31, which is similar compared to a year ago.


	*Defined as the counties of Botetourt, Floyd, Franklin, Montgomery, and Roanoke and the cities of Roanoke and Salem in VA
	*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.