Thu Nov 21 2019
This week the median list price for Bluemont, VA is $825,000 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has held steady at or around 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$825,000|
|Per Square Foot||$249|
|Days on Market||125|
|Slight Seller's Advantage|
Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$729,000||4,062||5 - 10 acres||4||3||22||0||1||126|
|$329,400||2,228||1 - 2.5 acres||3||2||37||0||1||53|