ROANOKE VALLEY HOUSING MARKET DATA

There was an increase in total units sold in July, with 389 sold this month in Roanoke Valley Real Estate versus 356 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 10% versus July 2024.

Versus last year, the total number of homes available this month is higher by 266 units or 42%. The total number of active inventory this July was 896 compared to 630 in July 2024. This month's total of 896 is higher than the previous month's total supply of available inventory of 868, an increase of 3%.

Last July, the median sale price for Roanoke Valley Homes was $292,000. This July, the median sale price was $335,000, an increase of 15% or $43,000 compared to last year. The current median sold price is 2% higher 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.

In July, there was 2.3 months of supply available in Roanoke Valley, compared to 1.8 in July 2024. That is an increase of 30% 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 515 homes newly listed for sale in Roanoke Valley compared to 386 in July 2024, an increase of 33%. There were 393 current contracts pending sale this July compared to 320 a year ago. The number of current contracts is 23% higher than last July.

In July, the average sale price in Roanoke Valley was 98.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 35, higher than the average last year, which was 25, an increase of 40%.





FOCUS ON: ROANOKE VALLEY HOUSING MARKET			JULY 2025

Units Sold 389	Active Inventory 896	Median Sale Price $335,000	Days On Market 35

Up 10% Vs. Year Ago	Up 42% Vs. Year Ago	Up 15% Vs. Year Ago	Up 40% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 389 sold this month in Roanoke Valley Real Estate versus 356 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 10% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 266 units or 42%. The total number of active inventory this July was 896 compared to 630 in July 2024. This month's total of 896 is higher than the previous month's total supply of available inventory of 868, an increase of 3%.
		Median Sale Price Last July, the median sale price for Roanoke Valley Homes was $292,000. This July, the median sale price was $335,000, an increase of 15% or $43,000 compared to last year. The current median sold price is 2% higher 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.



New Listings 515	Current Contracts 393	Sold Vs. List Price 98.7%	Months of Supply 2.3

Up 33% Vs. Year Ago	Up 23% Vs. Year Ago	No Change Vs. Year Ago	Up 30% Vs. Year Ago


		Months of Supply In July, there was 2.3 months of supply available in Roanoke Valley, compared to 1.8 in July 2024. That is an increase of 30% 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 515 homes newly listed for sale in Roanoke Valley compared to 386 in July 2024, an increase of 33%. There were 393 current contracts pending sale this July compared to 320 a year ago. The number of current contracts is 23% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Roanoke Valley was 98.7% 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 35, higher than the average last year, which was 25, an increase of 40%.


	*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.