MyMarketPulse (mymarketpulse.com) recently disclosed its February 2024 findings on the housing market conditions in Lynchburg, Virginia.
The report shows that the Median Sale Price in Lynchburg reached $225,000 as of February 2024, marking a decrease of 4.70% over the previous month and a 8.00% rise compared to a year ago.
A total of 67 homes were sold in the region, indicating an increase of 42.60% from last month and a rise of 11.70% when compared with a year ago.
The median time homes spent on the market was 23 days, which is up 7 days compared to last month and an increase of 5 days over the previous year.
Currently, with a Market Pulse Score of 94, Lynchburg’s real estate market appears to be experiencing a downtrend.
For more information about the Lynchburg, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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