The Long & Foster Market Minute

Focus On: Hollins and Northern Roanoke County Housing Market June 2021

Zip Code(s): 24019
Units Sold
44
Active Inventory
40
Median Sale Price
$224,950
Days On Market
6
Up 26%
Vs. Year Ago
Down -46%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -83%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 44 sold this month in Hollins and Northern Roanoke County Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 34 units or 46%. The total number of active inventory this June was 40 compared to 74 in June 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Last June, the median sale price for Hollins and Northern Roanoke County Homes was $202,000. This June, the median sale price was $224,950, an increase of 11% or $22,950 compared to last year. The current median sold price is 9% lower 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
50
Current Contracts
49
Sold Vs. List Price
101.9%
Months of Supply
0.9
Up 22%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 2.8%
Vs. Year Ago
Down -57%
Vs. Year Ago

Months of Supply
In June, there was 0.9 months of supply available in Hollins and Northern Roanoke County, compared to 2.1 in June 2020. That is a decrease of 57% 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 50 homes newly listed for sale in Hollins and Northern Roanoke County compared to 41 in June 2020, an increase of 22%. There were 49 current contracts pending sale this June compared to 53 a year ago. The number of current contracts is 8% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Hollins and Northern Roanoke County was 101.9% of the average list price, which is 2.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 6, lower than the average last year, which was 35, a decrease of 83%.

The Long & Foster Market Minute Hollins and Northern Roanoke County are defined as properties listed in zip code/s 24019.
*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 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.