WOODLAKE AND BRANDERMILL HOUSING MARKET DATA

There was an increase in total units sold in May, with 85 sold this month in Woodlake and Brandermill Real Estate versus 80 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024.

Versus last year, the total number of homes available this month is higher by 72 units or 67%. The total number of active inventory this May was 179 compared to 107 in May 2024. This month's total of 179 is higher than the previous month's total supply of available inventory of 159, an increase of 13%.

Last May, the median sale price for Woodlake and Brandermill Homes was $421,000. This May, the median sale price was approximately the same at $450,000. The current median sold price is 7% higher than in May 2024.

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 Woodlake and Brandermill, compared to 1.2 in May 2024. That is an increase of 77% 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 138 homes newly listed for sale in Woodlake and Brandermill compared to 92 in May 2024, an increase of 50%. There were 97 current contracts pending sale this May compared to 88 a year ago. The number of current contracts is 10% higher than last May.

In May, the average sale price in Woodlake and Brandermill was 100.5% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 17, higher than the average last year, which was 14, an increase of 21%.





FOCUS ON: WOODLAKE AND BRANDERMILL HOUSING MARKET			MAY 2025

Zip Code(s): 23112
Units Sold 85	Active Inventory 179	Median Sale Price $450,000	Days On Market 17

Down -6% Vs. Year Ago	Up 67% Vs. Year Ago	Up 7% Vs. Year Ago	Up 21% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 85 sold this month in Woodlake and Brandermill Real Estate versus 80 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 72 units or 67%. The total number of active inventory this May was 179 compared to 107 in May 2024. This month's total of 179 is higher than the previous month's total supply of available inventory of 159, an increase of 13%.
		Median Sale Price Last May, the median sale price for Woodlake and Brandermill Homes was $421,000. This May, the median sale price was approximately the same at $450,000. The current median sold price is 7% higher than in May 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 138	Current Contracts 97	Sold Vs. List Price 100.5%	Months of Supply 2.1

Up 50% Vs. Year Ago	Up 10% Vs. Year Ago	Down -2% Vs. Year Ago	Up 77% Vs. Year Ago


		Months of Supply In May, there was 2.1 months of supply available in Woodlake and Brandermill, compared to 1.2 in May 2024. That is an increase of 77% 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 138 homes newly listed for sale in Woodlake and Brandermill compared to 92 in May 2024, an increase of 50%. There were 97 current contracts pending sale this May compared to 88 a year ago. The number of current contracts is 10% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Woodlake and Brandermill was 100.5% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 17, higher than the average last year, which was 14, an increase of 21%.


	Woodlake and Brandermill are defined as properties listed in zip code/s 23112.
	*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.