Sorry to have been slow to post this. These numbers are for the four counties (no Essex county in this analysis, just Richmond, Westmoreland, Lancaster and Northumberland) and this is for the period January 1 through July 1. There are some interesting things to be learned from the subsets. And it is always interesting to see what the overall numbers tell us. What it does tell us as of the 1st of July is that things are "getting better." Which is something I get questionned about all the time. Not hugely better....but yes, better. Some quick remarks and I hope to come back to this later today. No promises.

Yes, improved. More houses sold. More dollars for those solds. Median sales price is the highest it's been in the last five years and the median days on market decreased in comparison to the last two years. That looks pretty good. 

Good things to be said for waterfront priced under $400,000. More homes sold. More dollars by a 50% increase. Higher median sales price ....higher than all years except for 2011. Still it is clear that a lot of properties are selling for under $300,000 in this segment. The median days on market has dropped in comparison to the last two years. Median days on market for the actives is pretty low. This can mean lots of new listings or that there are many listings that have come back on that have been around before. Can't be sure. 

A subset of the under $400,000 market is the $300,000 to $400,000 segment. I wanted to look at this since I've been working with people in this price point and wanted to see where things stand. Well it is evident that this is a thriving segment (relatively speaking....of course this is the Northern Neck and these numbers aren't huge). A jump from 15 to 25 houses sold for the same period is signficant. The dollars sold onthose properties is up. The median sales price is the highest of the five years reviewed. Days on market, well at 283, that isn't perfect but things do take time around here. This does look good!!

This segment is a different story. 2013 was the big year with 20 houses sold. Since that time the number has been cut in half with 2015 having the lowest value for the solds for the last five years with the exception of 2011. In place of what is about 4 times the amount of actives as current solds (the $300,000 to $400,000 segment) we have 9 times the sold inventory in active. That makes it real challenging for someone trying to sell at this price.

Looking good. Best sales numbers. Best sales dollars. Highest median sales point and the days on market aren't too bad. But look at that median sales price.....not exactly bumping up toward the $800,000. Then again it looks as if most of the properties that are active are located just around $400,000 to $500,000 since the active median is $541,000. Has to be a lot of inventory skewed to the lower prices.

Better news for this segment. And there isn't the excessive inventory of some of the previous segments. 2015 has the most sales, the most dollars, the highest median sales price and fewest median days on market. That looks rather healthy.