The Long & Foster Market Minute

Focus On: City of Waynesboro Housing Market March 2021

Units Sold
49
Active Inventory
25
Median Sale Price
$235,125
Days On Market
25
No Change
Vs. Year Ago
Down -70%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -60%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 49 sold this month in City of Waynesboro Real Estate, an increase of 44%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 57 units or 70%. The total number of active inventory this March was 25 compared to 82 in March 2020. This month's total of 25 is lower than the previous month's total supply of available inventory of 29, a decrease of 14%.

Median Sale Price
Last March, the median sale price for City of Waynesboro Homes was $194,900. This March, the median sale price was $235,125, an increase of 21% or $40,225 compared to last year. The current median sold price is 7% higher than in February.

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


New Listings
53
Current Contracts
53
Sold Vs. List Price
100.3%
Months of Supply
0.5
Down -9%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 2.5%
Vs. Year Ago
Down -69%
Vs. Year Ago

Months of Supply
In March, there was 0.5 months of supply available in City of Waynesboro, compared to 1.7 in March 2020. That is a decrease of 70% 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 53 homes newly listed for sale in City of Waynesboro compared to 58 in March 2020, a decrease of 9%. There were 53 current contracts pending sale this March compared to 50 a year ago. The number of current contracts is 6% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in City of Waynesboro was 100.3% of the average list price, which is 2.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 62, a decrease of 60%.

The Long & Foster Market Minute
*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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by CGAHR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does 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 CGAHR or Long & Foster Real Estate, Inc.