Sat Nov 28 2020
This week the median list price for Bluemont, VA is $1,099,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 11.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,099,000|
|Per Square Foot||$313|
|Days on Market||206|
|Slight Seller's Advantage|
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,000,000||3,530||10 - 20 acres||4||3||23||0||0||231|
|$389,900||1,490||0.5 - 1 acre||3||2||40||1||1||37|