2020 Q4 Market Report_Digital | Page 57

DETACHED HOMES OVER $ 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
8
9 $ 1,458 $ 1,434 34 4.1
11
10 $ 1,489 $ 1,452 49 4
-27% -10% -2% -1% -31% + 2 %
Total Homes
For Sale

8

Total Homes
Sold

9

Average List Price ( 000 )
$

1,458

Average Sold Price ( 000 )
$

1,434

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
34
Months ’ Supply

4.1

Source : Trendgraphix All data believed to be accurate , but not warranted .
DETACHED HOMES OVER $ 1M
Wildwood | Q4 2020
Including Springlake
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
6
3 $ 1,372 $ 1,468 56 1.5
8
5 $ 1,448 $ 1,229 2 2
-25% -40% -5% + 19 %
+ 3400 % -25%
Total Homes
For Sale

6

Total Homes
Sold

3

Average List Price ( 000 )
Average Sold Price ( 000 )
$

1,372 $

1,468

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
56
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

1.5

56