ROANOKE VALLEY HOUSING MARKET DATA

There was an increase in total units sold in April, with 314 sold this month in Roanoke Valley Real Estate versus 260 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 2% versus April 2024.

Versus last year, the total number of homes available this month is higher by 198 units or 41%. The total number of active inventory this April was 679 compared to 481 in April 2024. This month's total of 679 is higher than the previous month's total supply of available inventory of 637, an increase of 7%.

Last April, the median sale price for Roanoke Valley Homes was $298,725. This April, the median sale price was $295,000, a decrease of 1% or $3,725 compared to last year. The current median sold price is 2% lower than in March.

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

In April, there was 2.2 months of supply available in Roanoke Valley, compared to 1.5 in April 2024. That is an increase of 44% 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 502 homes newly listed for sale in Roanoke Valley compared to 436 in April 2024, an increase of 15%. There were 384 current contracts pending sale this April compared to 386 a year ago. The number of current contracts is 1% lower than last April.

In April, the average sale price in Roanoke Valley was 98.4% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 35, higher than the average last year, which was 34, an increase of 3%.





FOCUS ON: ROANOKE VALLEY HOUSING MARKET			APRIL 2025

Units Sold 314	Active Inventory 679	Median Sale Price $295,000	Days On Market 35

Down -2% Vs. Year Ago	Up 41% Vs. Year Ago	Down -1% Vs. Year Ago	Up 3% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 314 sold this month in Roanoke Valley Real Estate versus 260 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 2% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 198 units or 41%. The total number of active inventory this April was 679 compared to 481 in April 2024. This month's total of 679 is higher than the previous month's total supply of available inventory of 637, an increase of 7%.
		Median Sale Price Last April, the median sale price for Roanoke Valley Homes was $298,725. This April, the median sale price was $295,000, a decrease of 1% or $3,725 compared to last year. The current median sold price is 2% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 502	Current Contracts 384	Sold Vs. List Price 98.4%	Months of Supply 2.2

Up 15% Vs. Year Ago	Down -1% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 44% Vs. Year Ago


		Months of Supply In April, there was 2.2 months of supply available in Roanoke Valley, compared to 1.5 in April 2024. That is an increase of 44% 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 502 homes newly listed for sale in Roanoke Valley compared to 436 in April 2024, an increase of 15%. There were 384 current contracts pending sale this April compared to 386 a year ago. The number of current contracts is 1% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Roanoke Valley was 98.4% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 35, higher than the average last year, which was 34, an increase of 3%.


	*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.