Lynchburg Market Report- September 2009

The local economic news seems to be a little dismal with rising unemplo21yment figures and slow growth, however, for the real estate market in our area, the news could be conceived as “better”! Statistics for the month of September, 2009, were higher than reported for the same month a year ago.

2009:

Residential Homes Sold-  350

Total Sales Volume-  $26,510,058

2008:

Residential Homes Sold-  345

Total Sales Volume- $22,964,188 

Even though the increase may be slight, it does show a more active market than last year. 

September Report:

New Home Listings- 161

Average Selling Price-  $164,658

Average Days on Market- 149

Average List to Sales Price Ratio- 95%

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