2019 is now more than halfway over and we are excited to release our 2019 Roanoke Mid-Year Market Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.
Overall, total sales in the Roanoke area real estate market increased as prices rose and days on market declined.
- Total sales increased nearly 1% year-over-year across the Roanoke MSA in the first half of the year. Total sales were 2,105, a 0.8% increase from 2,089 in 2018.
- The median sales price in the first half of 2019 was $189,900, a 5.5% increase over the median sales price of $180,000 in 2018.
- In the Roanoke MSA, average days on market decreased 4.4% to 114. The City of Salem had the lowest average days on market within the Roanoke MSA at 90 days.
Be sure to check out the full 2019 Roanoke Mid-Year Market Report here for more info on how the market performed in the first half of the year.
Whether buying or selling, it is increasingly important in current market conditions to talk with your Nest Broker about how your home fits into the bigger picture. They will advise you and prepare you to make knowledgable decisions and help you achieve your real estate goals. Interested in what’s happening in other markets? To view all of our area market reports, click here.
Have questions? Contact your Nest Broker today.