MyMarketPulse (mymarketpulse.com) recently disclosed its May 2024 findings on the housing market conditions in Lynchburg, Virginia.
The report shows that the Median Sale Price in Lynchburg reached $275,000 as of May 2024, marking a decrease of 1.8% over the previous month and a 11.8% rise compared to a year ago.
The area witnessed the sale of 76 homes during this period, which is a 7.0% increase from the preceding month and a decrease of 13.6% compared to the same timeframe last year.
The median time homes spent on the market was 13 days, which is up 1 day compared to last month and an increase of 2 days over the previous year.
With the Market Pulse Score sitting at 110, the trend in Lynchburg’s housing market seems to be rising.
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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