MARKET UPDATE: May 2021

According to the Lynchburg MLS the prices for a Residential Home in the Lynchburg Area for May 2021 increased $10k+ from April 2021. The average sales price in the Lynchburg MLS for a Residential Home in May 2020 was $204,171. The average days on market is down from 52 days in May 2020 to 26 in May 2021. A total of 401 Homes sold in MAY 2021. Currently there are 364 homes for sale & 807 PENDING! Which gives us barely a 2 weeks supply, still keeping us in a VERY SELLERS Market! Give us a call for a complimentary market analysis #434-439-4211

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