January of 2010 was off to a great start in real estate sales for the Lynchburg, Va. area. With low interest rates, and the tax credit, buyers were ready to take advantage of the market. 311 residential property listings were reported with an average listing price of $223,619.
Residential home sales were up with 85 transactions closing with a volume of $15,227,405. The average list price of those reported closed within the month was $191,276, and the average sales price was $179,146. It was good to see the lower days on market at 129 and the average list to sales price ratio remained steady at 93.66%.
