ROBIOUS CORRIDOR HOUSING MARKET DATA

There was a decrease in total units sold in May, with 34 sold this month in Robious Corridor Real Estate versus 37 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 15% versus May 2024.

Versus last year, the total number of homes available this month is higher by 10 units or 21%. The total number of active inventory this May was 57 compared to 47 in May 2024. This month's total of 57 is higher than the previous month's total supply of available inventory of 51, an increase of 12%.

Last May, the median sale price for Robious Corridor Homes was $682,000. This May, the median sale price was $742,000, an increase of 9% or $60,000 compared to last year. The current median sold price is 4% lower 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 1.7 months of supply available in Robious Corridor, compared to 1.2 in May 2024. That is an increase of 43% 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 58 homes newly listed for sale in Robious Corridor compared to 50 in May 2024, an increase of 16%. There were 48 current contracts pending sale this May compared to 50 a year ago. The number of current contracts is 4% lower than last May.

In May, the average sale price in Robious Corridor was 102.3% of the average list price, which is 0.9% higher than at this time last year.

This month, the average number of days on market was 9, lower than the average last year, which was 14, a decrease of 36%.





FOCUS ON: ROBIOUS CORRIDOR HOUSING MARKET			MAY 2025

Zip Code(s): 23113
Units Sold 34	Active Inventory 57	Median Sale Price $742,000	Days On Market 9

Down -15% Vs. Year Ago	Up 21% Vs. Year Ago	Up 9% Vs. Year Ago	Down -36% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 34 sold this month in Robious Corridor Real Estate versus 37 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 15% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 10 units or 21%. The total number of active inventory this May was 57 compared to 47 in May 2024. This month's total of 57 is higher than the previous month's total supply of available inventory of 51, an increase of 12%.
		Median Sale Price Last May, the median sale price for Robious Corridor Homes was $682,000. This May, the median sale price was $742,000, an increase of 9% or $60,000 compared to last year. The current median sold price is 4% lower 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 58	Current Contracts 48	Sold Vs. List Price 102.3%	Months of Supply 1.7

Up 16% Vs. Year Ago	Down -4% Vs. Year Ago	Up 0.9% Vs. Year Ago	Up 42% Vs. Year Ago


		Months of Supply In May, there was 1.7 months of supply available in Robious Corridor, compared to 1.2 in May 2024. That is an increase of 43% 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 58 homes newly listed for sale in Robious Corridor compared to 50 in May 2024, an increase of 16%. There were 48 current contracts pending sale this May compared to 50 a year ago. The number of current contracts is 4% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Robious Corridor was 102.3% of the average list price, which is 0.9% higher than at this time last year. Days on Market This month, the average number of days on market was 9, lower than the average last year, which was 14, a decrease of 36%.


	Robious Corridor are defined as properties listed in zip code/s 23113.
	*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 CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.