January 2018 Washington County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Washington County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Washington County – Single Family Homes: Active inventory was down 25% from 2017 with 755 units on the market and down 19% from the previous month. The median listing price was just under $400,000. The average days on market was down 20% from 56 days in 2017 to 45 days in 2018. The median sales price was $300,000. The averages for units sold in the month of December decreased 5% for units sold year over year and decreased 9% month over month with a total of 272 units sold.

Washington County – Condominiums: Active inventory was down 26% from 2017 with 105 units on the market and down 18% from the previous month. The median listing price was just under $220,000. The average days on market was up 18% from 28 days in 2017 to 33 days in 2018. The median sales price was just over $180,000. The averages for the month of December show an decrease of 30% for units sold year over year and 26% increase over the previous month with a total of 49 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update