Real Estate
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:
- New Listings are UP 12.9%.
- New Pending UP 45.7% (April 2021) vs 0.0% (May 2021)
- Closed sales are UP 32.9%
- Average Median Sold $315,000
- 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
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