The Winchester real estate market experienced an increase in the number of homes sold in November, 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 based on data provided by Metropolitan Regional Information System and its member associations of Realtors and include residential real estate transactions within specific geographic regions, not just Long & Foster sales.

The number of homes sold rose throughout the Winchester region in November compared to the same month in 2015. Winchester City experienced an increase of 24 percent, while in Warren County the number of homes sold rose by 13 percent. In Frederick County, the number of homes sold increased by 9 percent, and Shenandoah County saw a 7 percent increase.

Median sale prices rose in most parts of the Winchester region in November, with Winchester City experiencing an 80 percent jump and Warren County experiencing a 25 percent increase. In Frederick County, the median sale price rose by 13 percent over the previous year and in Shenandoah County it declined by 19 percent.

Active inventory fell across the Winchester region, with Winchester City experiencing a decrease of 26 percent, followed by Frederick County with a decrease of 22 percent. In Shenandoah County, active inventory fell by 20 percent, and it fell by 13 percent in Warren County.

Homes in the Winchester area are continuing to sell at a steady pace according to November data. Winchester City saw the lowest days on market (DOM) average at 58 days, followed by Warren County at 62 days and Frederick County at 81 days. Shenandoah County had a DOM average of 146 days.

“November was another good month for the United States economy, with consumer confidence hitting one of its highest numbers since 2007. In the Mid-Atlantic and Northeast housing market, we saw a number of positive trends as well, including in the Winchester region,” said Jeffrey S. Detwiler, chief operating officer of The Long & Foster Companies. “Although inventory is still sparse, many people are choosing to buy a home, taking advantage of mortgage rates while they remain low.”

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 you can subscribe to free updates for the reports in which you’re interested.    Information included in this report is based on data supplied by MRIS, which is not responsible for its accuracy. The reports do 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 MRIS or Long & Foster Real Estate.