Lynchburg February Home Sales Report

According to the Lynchburg Multiple Listing Service, home sales data for the month of February, 2010 remained steady with 217 new residential homes being placed on the market.  The average list price of homes was lower than January at $204,267, and would be good news for the first time homebuying market.

Residential home sales for the month was reported with 97 closed units, for a total volume of $15,932,492.  The average list price of those closed units was $172,221, down from January, and the sales price average was $164,252, also down from the January reporting period.

Days on market again held steady at 128 with the list to sale price ratio rising to 95.37%.