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| JULY 2024 | |||
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| Units Sold 35 |
Active Inventory 57 |
Median Sale Price $375,000 |
Days On Market 26 |
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| Up Vs. Year Ago |
Up 24% Vs. Year Ago |
Up 16% Vs. Year Ago |
Up 18% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in July, with 35 sold this month in Winchester City Real Estate. This month's total units sold was higher than at this time last year, an increase from July 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 11 units or 24%. The total number of active inventory this July was 57 compared to 46 in July 2023. This month's total of 57 is higher than the previous month's total supply of available inventory of 56, an increase of 2%. |
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Median Sale Price
Last July, the median sale price for Winchester City Homes was $323,025. This July, the median sale price was $375,000, an increase of 16% or $51,975 compared to last year. The current median sold price is 6% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 42 |
Current Contracts 37 |
Sold Vs. List Price 99.7% |
Months of Supply 1.6 |
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| Up 62% Vs. Year Ago |
Up 42% Vs. Year Ago |
No Change Vs. Year Ago |
Down -36% Vs. Year Ago |
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Months of Supply
In July, there was 1.6 months of supply available in Winchester City, compared to 2.6 in July 2023. That is a decrease of 36% 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. |
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New Listings & Current Contracts
This month there were 42 homes newly listed for sale in Winchester City compared to 26 in July 2023, an increase of 62%. There were 37 current contracts pending sale this July compared to 26 a year ago. The number of current contracts remained stable as compared to last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Winchester City was 99.7% 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, higher than the average last year, which was 22, an increase of 18%. | |||
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| *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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc. |
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