2020 Q4 Market Report_Digital | Page 39

DETACHED HOMES UNDER $ 1M
ATTACHED HOMES UNDER $ 1M Virginia Highland | Q4 2020
Q4 2020 Q4 2019 % change
Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
7
19 $ 790 $ 747 44 1.5
16
9 $ 713 $ 814 31 7.7
-56% + 111 % + 11 % -8% + 42 % -81%
Total Homes
For Sale

7

Total Homes
Sold

19

Average List Price ( 000 )
$

790

Average Sold Price ( 000 )
$

747

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Average Days On Market
44
Months ’ Supply

1.5

Source : Trendgraphix All data believed to be accurate , but not warranted .
ATTACHED HOMES UNDER $ 1M Virginia Highland | Q4 2020
Q4 2020 Q4 2019 % change
Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
3
5 $ 434 $ 298 8 1.4
3
2 $ 579 $ 530
9 3.2
0 % + 150 %
-25% -44% -11% -57%
Total Homes
For Sale

3

Total Homes
Sold

5

Average List Price ( 000 )
$

434

Average Sold Price ( 000 )
$

298

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Average Days On Market
8
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

1.4

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