Warren County Market Report – May 2021 with Jen Avery

Watch this video for a quick summary of Warren County real estate for May 2021. The seller’s market continues. Prices continue to be $100,000+ over tax assessed value on many listings and you will still experience a bidding war offering over asking price. Charts demonstrate the changes in the market, so be sure to click play!

BUYER TIP: Buyers, consider talking to your lender about appraisal “gap” strategy. This would be an approach to cover the difference if the appraisal comes in low. To remain competitive in a market where you go up against multiple offers, appraisal “gap” strategies can help your offer win.

In general summary:

1. New Listings are UP 12.9%.
2. New Pending UP 45.7% (April 2021) vs 0.0% (May 2021)
3. Closed sales are UP 32.9%
4. Average Median Sold $315,000
5. Average Days on Market 15

*If you would like a copy of this report emailed to you, please send request to jenaveryrealtor@gmail.com.

Resource: May 2021 Market Stats by ShowingTime
Bright MLS: Statistics calculated June 2021

Jennifer Avery, REALTOR® “Your Happy Home Expert!”
BPOR, SRS, CNE, E-Pro Certified | Licensed in VA
jenaveryrealtor@gmail.com | 540-683-0790
CRUM REALTY, INC| 318 S Loudoun St, Winchester VA 22601 | 540-662-0400