August 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 14% from 2017 with 811 units on the market and down 5% from the previous month. The median listing price was just under $420,000. The average days on market was down 20% from 55 days in 2017 to 44 days in 2018. The median sales price was just under $340,000. The averages for units sold in the month decreased 2% for units sold year over year and decreased 13% month over month with a total of 302 units sold.

Washington County – Condominiums: Active inventory was up 12% from 2017 with 121 units on the market and up 4% from the previous month. The median listing price was just over $270,000. The average days on market was down 11% from 28 days in 2017 to 25 days in 2018. The median sales price was just under $200,000. The averages for the month show an decrease of 12% for units sold year over year and a 20% decrease over the previous month with a total of 59 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