Some areas of the Winchester real estate market enjoyed an increase in the number of units sold in June, 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 June compared to the same month in 2014. Winchester City saw a 25 percent increase, followed by Frederick County with a 17 percent increase. Warren County experienced a 14 percent increase to last year and Shenandoah County experienced a 22 percent decrease.

In June, median sale prices varied in the Winchester region, with Warren County experiencing an increase of 12 percent and Winchester City seeing an 8 percent increase compared to the previous year. Median sale price decreased by 1 percent in Shenandoah County and decreased by 3 percent in Frederick County.

In the Winchester region, active inventory decreased by 28 percent in Winchester City and by 13 percent in Warren County. Shenandoah County experienced a 10 percent drop in inventory, and Frederick County saw a 4 percent decrease compared to the same month the previous year.

Homes in the Winchester area are continuing to sell at a steady pace according to June data. Winchester City saw the lowest days on market (DOM) average at 46 days, followed by Frederick County at 66 days. Warren County had a DOM average of 75 days and Shenandoah County experienced a DOM average of 91 days.

“The United States’ economy has been doing well this year, and as of June, consumer confidence has remained up 16 percent over last year. This positivity has shown in the real estate market, including in the Winchester region, where we saw more homes sold in much of the region this June,” said Jeffrey S. Detwiler, president and chief operating officer for The Long & Foster Companies. “Many industry experts are predicting rising interest rates in the fall, and I’m optimistic that the second half of 2015 will bring more improvements.”

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.