ROANOKE VALLEY HOUSING MARKET DATA

There was a decrease in total units sold in June, with 341 sold this month in Roanoke Valley Real Estate versus 383 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 5% versus June 2024.

Versus last year, the total number of homes available this month is higher by 214 units or 36%. The total number of active inventory this June was 816 compared to 602 in June 2024. This month's total of 816 is lower than the previous month's total supply of available inventory of 823, a decrease of 1%.

Last June, the median sale price for Roanoke Valley Homes was $319,900. This June, the median sale price was $330,000, an increase of 3% or $10,100 compared to last year. The current median sold price is 2% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 2.4 months of supply available in Roanoke Valley, compared to 1.7 in June 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 478 homes newly listed for sale in Roanoke Valley compared to 376 in June 2024, an increase of 27%. There were 390 current contracts pending sale this June compared to 317 a year ago. The number of current contracts is 23% higher than last June.

In June, the average sale price in Roanoke Valley was 97.9% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 31, higher than the average last year, which was 24, an increase of 29%.





FOCUS ON: ROANOKE VALLEY HOUSING MARKET			JUNE 2025

Units Sold 341	Active Inventory 816	Median Sale Price $330,000	Days On Market 31

Down -5% Vs. Year Ago	Up 36% Vs. Year Ago	Up 3% Vs. Year Ago	Up 29% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 341 sold this month in Roanoke Valley Real Estate versus 383 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 5% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 214 units or 36%. The total number of active inventory this June was 816 compared to 602 in June 2024. This month's total of 816 is lower than the previous month's total supply of available inventory of 823, a decrease of 1%.
		Median Sale Price Last June, the median sale price for Roanoke Valley Homes was $319,900. This June, the median sale price was $330,000, an increase of 3% or $10,100 compared to last year. The current median sold price is 2% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 478	Current Contracts 390	Sold Vs. List Price 97.9%	Months of Supply 2.4

Up 27% Vs. Year Ago	Up 23% Vs. Year Ago	Down -1.3% Vs. Year Ago	Up 42% Vs. Year Ago


		Months of Supply In June, there was 2.4 months of supply available in Roanoke Valley, compared to 1.7 in June 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 478 homes newly listed for sale in Roanoke Valley compared to 376 in June 2024, an increase of 27%. There were 390 current contracts pending sale this June compared to 317 a year ago. The number of current contracts is 23% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Roanoke Valley was 97.9% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 31, higher than the average last year, which was 24, an increase of 29%.


	*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.