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Market Conditions ~ MidYear Report

July 21, 2009

I’ve been putting off a market report for quite awhile. Don’t get me wrong, I’ve been closely tracking the stats for the cities of Lexington & Buena Vista & for Rockbridge County. Frankly, I have not posted because I kept waiting for good news to share.

Unfortunately from the amount of RED INK you’ll see when you click on the images below you’ll see our market continues to fall behind last year.

  • YTD Sales are down by 32.5% with 52 sales YTD vs 77 sales YTD 2008.
  • The Dollar volume amount is down by 49.2% YTD 2008 was $19,556,420 YTD 2009 is $ 9,947,328

The only really good RED INK is the news there are less residential listings coming on the market and those that are starting to reduce the median price. Hopefully this will translate into some of the excess inventory will beginning  to sale.

  • YTD  New Listings down by 13.6% from 228 to 197.  There is still a large difference between the number of listings & the number of  SOLDS.
  • YTD Dollar Volume of New Listings is down by 20.3% from $850,013,615 to $67,827, 249.

For specific information about your property please contact Candy Lynn candy at candylynn dot com.
Click on the charts below for full size images.

Yearly Market Comparison
Lexington Buena Vista Rockbridge MLS As of Tuesday, July 21, 2009 2:59:23 PM
Search Parameters: Property type Residential/Farm Area of ‘ Rockbridge’
(note: This report only covers ROCKBRIDGE COUNTY & THE TOWNS & VILLAGES IN THE COUNTY.)

Mid Year Stats Residential Rockbridge County VA

Mid Year SOLD Stats Residential Rockbridge County

click images for full size

Mid Year ACTIVE Stats Residential Rockbridge County

Mid Year ACTIVE Stats Residential Rockbridge County

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