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| Focus On: Winchester City Housing Market | October 2023 | ||
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| Units Sold 25 |
Active Inventory 69 |
Median Sale Price $375,000 |
Days On Market 17 |
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| Down -22% Vs. Year Ago |
Up 53% Vs. Year Ago |
Up 24% Vs. Year Ago |
Down -41% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in October, with 25 sold this month in Winchester City Real Estate versus 23 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 22% versus October 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 24 units or 53%. The total number of active inventory this October was 69 compared to 45 in October 2022. This month's total of 69 is lower than the previous month's total supply of available inventory of 77, a decrease of 10%. |
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Median Sale Price
Last October, the median sale price for Winchester City Homes was $302,500. This October, the median sale price was $375,000, an increase of 24% or $72,500 compared to last year. The current median sold price is 7% higher than in September. 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 22 |
Current Contracts 19 |
Sold Vs. List Price 99.4% |
Months of Supply 2.8 |
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| Down -4% Vs. Year Ago |
Down -32% Vs. Year Ago |
Up 1.8% Vs. Year Ago |
Up 96% Vs. Year Ago |
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Months of Supply
In October, there was 2.8 months of supply available in Winchester City, compared to 1.4 in October 2022. That is an increase of 96% 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 22 homes newly listed for sale in Winchester City compared to 23 in October 2022, a decrease of 4%. There were 19 current contracts pending sale this October compared to 28 a year ago. The number of current contracts is 32% lower than last October. |
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Sale Price to List Price Ratio
In October, the average sale price in Winchester City was 99.4% of the average list price, which is 1.8% higher than at this time last year. Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 29, a decrease of 41%. | |||
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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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