2020 Roanoke Annual Wrap-Up

2020 Annual Wrap-Up

2020 was a year unlike any other. Though the year was filled with unprecedented tragedy, trials, and tribulations, there were moments of joy worth celebrating—new babies were born, a record number of dogs were adopted, and many experienced the undeniable joy of purchasing a new home. With a sense of gratitude and optimism, we offer this 2020 Roanoke Annual Wrap-Up—we look back to move forward.

Highlights:

  • There were 5,138 total home sales in the MSA in 2020 compared to 4,552 in 2019. This translates into a 12.9% increase.
  • From 2019 to 2020 the average sales price increased by 15.5%. In 2020 the average sales price was $266,600 compared to $230,786 in 2019.
  • In 2020 on average a listing stayed on the market for 44 days before closing. The average home sold for 96.5% of list price.

Click here to read the full report.

We hope the 2020 Nest Annual Wrap-Up gets you thinking about all of the ins and outs of the local and national market. Have questions? Great! Nest is ready to be your local housing market experts!

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