Some areas of the Winchester real estate market enjoyed an increase in the number of units sold in May, according to The Long & Foster Market Minute reports. The greater Winchester, Va., real estate market includes Frederick, Shenandoah and Warren counties and the city of Winchester. The Long & Foster Market Minute reports are compiled from data from residential real estate transactions within specific geographic regions, not just Long & Foster sales.

 

The number of homes sold increased in some parts of the Winchester region in May compared to the same month in 2014. Warren County saw an 18 percent increase, followed by Shenandoah County with a 14 percent increase. Frederick County experienced no change compared to last year and Winchester City experienced a 23 percent decrease.

In May, median sale prices varied in the Winchester region, with Warren County experiencing an increase of 17 percent and Winchester City seeing no change compared to the previous year. Median sale price decreased by 4 percent in Frederick County and decreased by 10 percent in Shenandoah County.

In the Winchester region, active inventory decreased by 26 percent in Winchester City and by 10 percent in Warren County. Shenandoah County experienced a 9 percent drop in inventory, and Frederick County saw a 2 percent increase compared to the same month the previous year.

Homes in the Winchester area are continuing to sell at a steady pace according to May data. Winchester City saw the lowest days on market (DOM) average at 59 days, followed by Frederick County at 68 days. Warren County had a DOM average of 86 days and Shenandoah County experienced a DOM average of 122 days.

“Across the Mid-Atlantic and Northeast, real estate did well during the month of May including in the Winchester region,” said Jeffrey S. Detwiler, president and chief operating officer for The Long & Foster Companies. “The markets this year have been much healthier overall and we saw higher than predicted retail sales, a year-over-year boost in customer confidence, and a slight uptick in new jobs. We’re confident these positive trends will continue through the summer.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and users can subscribe to free updates for the reports in which they’re interested.