Yorktown Market Report For September 2017

Shrinking Inventory and Fewer Days on Market Favors Home Sellers

Home sellers are benefitting from the continued trend of a healthy real estate market in the Historic Triangle. Residential pending and settled sales are up almost 8% each year-over-year for August. Contributing factors are fewer days on market for listings, and reduced inventories. Market time for active residential listings has decreased by 29 days since January 2017, standing at 61 days for August 2017. The continued year-over-year decline in the number of properties for sale gives sellers an additional boost in regards to supply versus demand.

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