Lynchburg, VA - Local Housing Data - Summary

Change location:

Region

State

City

Lynchburg, VA

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Lynchburg, VA Local News

Freshest Figures Show New Home Sales Level in Lynchburg From Last Year

Posted on: Mar 06, 2014 07:25:29 AM

Closings of new homes in the Lynchburg, VA market remained unchanged year-over-year in November, staying flat after dropping year-over-year in October from the year earlier. New home closings moved from none a year earlier to none after the figure moved from 1 in October 2012 to none in October 2013. Closings remained level at none from a year earlier after the figure moved from 1 in October 2012 to none in October 2013.

For new and existing homes, closings declined in November after also declining in October year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in November, but did not appear to be dragging the market. Combined, foreclosures plus REO closings represented 11.8% of existing home closings, below 19.3% a year earlier. The percentage of existing home closings involving foreclosures rose to 11.8% in November from 9.6% a year earlier while REO closings as a percentage of existing home closings slid to no part from 9.6% a year earlier.

Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Lynchburg, VA area.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.