Is Danville becoming a seller’s market?

image Danville’s number make it look like the region is becoming a seller’s market. It certainly looks like a great example of supply and demand.

Looking at the region’s numbers from 2011 to 2012 it’s almost cliché. From June 2011 to June 2012…

  • There were 16.7% fewer homes sold
  • The median sale price was up 27.4%
  • Total volume (dollars) sold was up almost 20%
  • The median home’s days on market was down more than 42%

So fewer homes sold, but they sold faster and for a lot more.

Does that mean Danville is becoming a seller’s market? I wouldn’t necessarily say that. (<– that’s called hedging), but it does seem that the area is more of a seller’s market in 2012 than it was last year.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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